The National Association of Estate Agents (NAEA) believes in 2015 the rest of the UK will catch-up with the market prices of London and the South East. With stamp duty reforms driving change to the marketplace, agents are hoping that the changes will drive a greater supply of housing nationwide reducing the price gap between regions.
Mark Hayward, NAEA managing director also reports that agents believe that the general election in May will cause some uncertainty in the market, as well as a potential increase in interest rates.
With demand still outstripping supply, the need for housing is driving investors to develop their portfolios to provide private rented sector housing for those struggling or unwilling to currently move onto the property ladder.
Dean Thomson, PRS Capital CEO explained that as a business we understand that the general public feel reticent about investing individually in properties. Our rental developments provide people with high quality lifestyles, without shouldering the responsibility of individual property purchases. As an organisation who have a broad portfolio of developments we mitigate ourselves against risk and pass on our economies of scale to our tenants.