Positive Predictions For 2021 Housing Market

At Prestige & Village, we understand why some people have concerns and reservations regarding the property market for the rest of this year. 2021 has started in a robust manner, perhaps even above expectations. But with the stamp duty holiday deadline looming, and no clarity as to whether there will be an extension at the time of writing this article, who knows if this will continue.

However, there are many people and organisations in the industry who believe the market will continue to flourish in the rest of the year. There will be challenges, but there will also be opportunities.

If you are keen to make a move this year, please contact us, and we will be more than happy to assist you. We work closely alongside many buyers and vendors, which allows us to offer information along the lines of what people need to know.

Optimism in the UK market

We also stay in touch with the latest findings from notable names in the economy. Santander Bank are a prominent name in the UK, and one of their leading professionals in the UK is confident about the shape of the market for the year which lies ahead.

Mr Vereker, speaking to This Is Money, said; “There is significant pent-up consumer demand and savings which will flow into the economy later this year so I can see a quick bounce-back. Second, I am optimistic about business investment”

It is fair to say there has been a great deal of uncertainty in recent times, both because of Brexit and of course, our dealings with the Covid-19 pandemic. Mr Vereker says the market has been ‘anaemic’ due to these factors, but there are reasons to be more positive.

He said; “Now, however, you are going to have a much clearer framework in which to make investments because the Brexit deal is going to remove a big element of uncertainty and I would also expect the Covid situation to improve.”

There is a chance to move forward

He also said that there will be a ‘reassessment of the UK as a place to invest and do business,’ and if the right framework is put in place, there is a chance to build for the future.

Mr Vereker concluded by saying; “I am optimistic because of the combination of those three things, and a fourth. That is, on a relative basis, the UK looks good in terms of the opportunity to invest, employ and develop businesses. We still have pretty flexible labour laws, the English language, excellent education and a strong legal system. These are competitive advantages which have meant capital and talent have gravitated to the UK over 30 years. I can see sterling strengthening and the economy growing faster than forecast.”

At Prestige & Village, we care about our community, and supporting others. We aim to provide you with as much help and assistance as we can. If you have any property or housing questions, please feel free to contact us today.