We were pleased to be asked to contribute to the Expert Market Forecast report for 2020 by The Property Investors Blog.
It was released slightly later than the 2019 and 2018 editions, as they chose to collate the majority of the contributions later in light of the late 2019 election, in an attempt to keep things relatively current.
Reactions to the Tory landslide and, unsurprisingly, the impact on property resulting from the UK’s imminent departure from the EU pervade across many of this year’s contributions (the ‘B’ word is mentioned no less than 88 times!).
Housing affordability also continues to raise cause for concern for the medium-term sustainability of the market, particularly in the South. A broad consensus remains that financial accessibility and high deposit requirements will remain a constraint to aggressive price growth witnessed over the first half of the previous decade. Nonetheless, for investors, the opportunities presented in areas across the Midlands and the North shouldn’t be ignored.
As financially leveraged landlords brace themselves for the final crank in the phasing of Section 24 this tax year, alongside further regulation, it will be interesting to see how the sector professionalises and co-exists with the ever-strengthening build-to-rent developments across the country.
Just Do Property’s comments are on page 20.