Short sup­ply to keep house prices high

Kentish Gazette Canterbury & District - East Kent Property - - HOMESNEWS -

Short­age of avail­able prop­erty will hold prices up through 2017, says one of Kent’s lead­ing de­vel­op­ers.

John El­liott, man­ag­ing di­rec­tor of Mill­wood De­signer Homes, says Brexit had not had the neg­a­tive ef­fect on the mar­ket that some feared, and he ex­pected it to re­main fairly steady in 2017.

He said: “The fun­da­men­tals, in par­tic­u­lar the short­age of prop­erty ver­sus de­mand, have held prices up and will con­tinue to do so. Price growth has slowed, but UK prices were 6% up in Novem­ber on the pre­vi­ous year.”

John said most an­a­lysts pre­dicted over­all rises in 2017 to be around a cou­ple of per­cent­age points.

He added: “In Kent and Sus­sex, val­ues will rise steadily and buy­ers will con­tinue to ben­e­fit from the value gap be­tween London and its sur­rounds.”

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