House Prices expected to be down in 2015

According to Think-tank, house prices will be down 0.8% in 2015. This may not seem like such a big decrease, but when you consider the fact that house prices have increased 7.8% in 2014, it is a big turning point.

The market is set to adjust, but the truth is it’s hard to know what to expect, especially with 2014 getting off to a flying start, which wasn’t necessarily expected. On paper, 2014 was a good year to sell a property and a bad year to buy a property, and there may not be a great deal of change next year, so if you can afford to wait, it could be best to, because as we know the housing market is always changing.

Some have gone on to product rises over the next decade, but just gradual rises and 2015 may prove to be the only year that dips over the next 10 years.