Prices to rise 0.5% amid unpredictable times

JONES Lang LaSalle (JLL) residential research director Neil Chegwidden said in a Nov 1 press release that British housing outlook is unpredictable and house prices are expected to increase by 0.5% next year, and 1% in 2018.

“We are expecting the British housing market to slow from current levels both in terms of transactions and price growth next year. This will be driven by Brexit uncertainty and a slightly softer economy,” says Chegwidden.