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Predictions for 2015

Posted on Monday, December 22, 2014

Whenever a general election takes place all markets tend to tread water until the outcome is known - and the outcome of the upcoming election next year is far from certain with a new political party gaining middle ground from all three of the major parties. The first few months of the year will prove to be extremely busy with many new buyers emerging wanting to progress their lives. However, the final month before the election takes place will be relatively quiet as campaigning gets under way. Once the results are in the market will continue to gain momentum as pent up demand drives the market forward once more. The second half of the year will see positive pressure on house prices with a new gain of between 5 and 7% over the course of the year.