Affirmative

37% of property finance professionals predict 5% increase in property prices




Some 37% of property finance professionals have predicted a 5% increase in property prices over the next 12 months, according to the latest research.

Affirmative’s Mortgage & Market Overview revealed that 29% of respondents expected no change at all to national property prices.

Respondents believed that a standard property sale was completed within 14 weeks, with 73% expecting this to stay the same.

Eugene Esterkin, managing director at Affirmative, said: “The data we have gathered from the survey is certainly interesting when viewed against the backdrop of what is currently quite a volatile industry.

“Naturally, the changes in the sector with the current political turmoil are vital to the understanding of what offerings we and our colleagues in the industry will produce.

“We are all affected both as lenders and consumers, whether as investors or borrowers.

“I will be eager to see how this will progress across the year and how opinions change in subsequent quarters.”

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