Housing forecasts for 2017

  • by Melanie Bien
  • 03 Jan, 2017
Seven property experts give their views as to what will happen with the property market in 2017
There is much speculation flying about as to what 2017 has in store for the housing market. Zoopla asked Melanie for her opinion on the market as an independent commentator:
Melanie Bien, property expert and commentator
House prices: up 2%
Rents: up 2%
“The housing market is likely to be largely flat. All the indicators suggest that Brexit negotiations will drag on which will have an impact on people’s confidence. The shortage of properties for sale will support prices to an extent but we are a long way off the double-digit house price growth seen in the past.
“With people on the whole choosing not to move, rental property is likely to continue to be in strong demand. With changes to mortgage interest tax relief coming in from April, putting a squeeze on landlords’ profits, and letting agents forced at some point to stop charging tenants fees, it looks as though the only way for rents is upwards.”

Articles by Melanie

by Melanie Bien 17 Jan, 2018

Vesper Homes, the pioneering proptech London estate agent, has hired PR agency Bien Media to raise its profile in the press.

Vesper Homes is at the forefront of the rental revolution, harnessing technological developments to make life easier for landlords and tenants. London-focused, with primarily an international client base, the company offers all the services of a traditional high-street agent but at a reduced rate.

Landlords typically pay agents upwards of 11 per cent for a full management service, a charge likely to increase when tenant fees are abolished, but Vesper Homes charges half this amount.

James Cameron, director of Vesper Homes, says : ‘Estate agency is changing and we are launching some exciting new digital products in coming weeks to assist landlords in making the most of their property portfolios, as well as considering future investments. Many agents use outdated and inefficient procedures: our strategy is to deploy a leading-edge technology to improve the lettings and property management service for both landlords and tenants.

‘Although the rental sector has come under siege recently with changes to mortgage interest tax relief and the stamp duty surcharge for landlords, the year has got off to a good start with no lack of enquiries from prospective tenants. However, some of the rents which were achievable 12 months ago won’t be this year, so landlords need to be realistic on pricing and take the advice of a knowledgeable agent.’

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by Melanie Bien 03 Jan, 2017
Seven property experts give their views as to what will happen with the property market in 2017
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