Their predictions in brief -
• Continued growth of Prime London markets and improved growth in secondary housing markets
•Average returns of just under 13%
• Further improvement in rental yields as investment inflows continue into the UK market
• Price growth in the housing market will ease in 2015 to around 6%
Miles Gibson, Head of UK Research, CBRE, commented:
“This has been a year of extraordinary expansion across the property sector and while this will continue into 2015, overall there will be a return to more sustainable levels of growth. Rental growth will continue in all sectors and we expect investment yields to continue to improve as levels of capital flows into the UK market remain high. In terms of where growth, we forecast a ripple effect next year as property investors shift from London out to the regions.
“Although there positive signals for the property market, we recognise that there will be uncertainty caused by the imminent general election. The combination of these trends makes 2015 an intriguing prospect for the sector.”
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