Property transactions to be flat in 2012
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London estate agency Kinleigh Folkard & Hayward is predicting property transactions will be flat in 2012.
Lee Watts, managing director of Kinleigh Folkard & Hayward, believes the first half of 2011 will be considerably stronger than the second, but early price gains will be eroded as the year goes on.
He says: “We will see further demand in the sales market with an increased supply of stock for lettings due to high rental yields and increasing levels of buy-to-let funding made available by lenders.
“This will lead to growth and activity within the new homes market with developers confident in developing the land banks they have been building up over the past few years.”
He predicts the lettings market will experience a healthy volume of business throughout 2012 with an increase in longer term renting due to property values and mortgage availability making home ownership difficult for first time buyers to achieve.
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