These are the 3 property trends for 2020

2020 will be a very interesting year for the real estate market in the UK. Thanks to many factors that will have a significant impact next year, we will see new trends that will dominate the property market. 2019 left us with some shocking news, some positive and others that were not so much. However, the market landscape is constantly changing and with each passing year, it tends to vary.

In the following article, we will review the 3 main trends that will impact the market in the year to come.

Trends

2020: Year of eco-friendly houses: Thanks to a new initiative that would promote green constructions, this project seeks that the new UK government significantly reduce VAT on property repair and remodeling work.

In this way the VAT that currently stands at 20% would be reduced up to 5%, what is sought with this initiative is that the owners have greater freedom and ease to perform the corresponding remodeling work, and allow the transition from the UK to “ zero net carbon ”. The British Property Federation is one of the main organizations that support this project, according to statements by its executive director, Melanie Leech, by reducing VAT the government would promote the application of ecological improvements in properties.

This initiative seeks to promote greater environmental awareness while stimulating the real estate and construction market.

eco-friendly house

The price of properties will continue to increase: In 2020 the upward trend in prices will continue to grow, with a minimum average of 1% per month this percentage may be slightly decreased during the first quarter of next year, but it will not stop on its way up. The main cause of this slow but steady increase would be none other than the uncertainty that exists in the UK real estate market.

And it is that the indicators of economic activity in the country that have been extremely volatile in the last year, besides, it is necessary to add the deceleration of all the market products of Brexit.

Investment in real estate markets has suffered a setback, so the increase in the average price of properties is more than justified.

house prices

Property surveys will be more decisive in the buying and selling processes: Thanks to a better understanding by customers, in 2020 there will be a boom in the request for property surveys during the processes of buying and selling properties in the UK. At present, the owners are more aware of the importance of property surveys, and their usefulness when acquiring a new home. Especially if one takes into account the high level of cynicism and unscrupulous practices of real estate agents.

Property surveys3

In the opinion of experts, 2020 will be a very positive year for property surveying companies, and much more positive for customers who use these analyzes before buying or selling a property. We hope that with these predictions you can be prepared to get the most out of the year 2020. Remember to visit our page frequently to read the most important news of the property market in the UK.

Remember that if you want to get more information about our property surveys, you can contact us to offer you the best service.