Bretts House Price Prediction 2021

Brett Alegre-Wood
October 21, 2020

By the Middle of next year we will start bouncing back

What’s my 2021 House Price Prediction? Being A Property Guy It Might Surprise You! London will always be the first to bounce back but what does that mean for the rest of the country? What is your house price prediction for 2021?

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What's my house price prediction for 2021. I think actually it's gonna end up minus three, now I'll qualify it with this, I think we will see some drops. I think to be fair you know we're in the middle of the worst recession ever. I think there's a lot of optimism there's a lot of people who say you know you know what no no no it's great it's great it's fantastic you know there's all this pent-up demand and all that stuff.

I agree and this could change if the government continues stamp duty and does a lot of things like that. But unfortunately I just don't see, you know it's a big country and I see that actually some areas like London will start to come back because it's always the first to bounce back. 

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By middle of next year we'll start bouncing back and could see some house price growth I think in commuter towns, in major cities you've got to look in the major cities because certain areas and major cities probably won't because they've had a lot of growth. So actually when you factor in all these things that's what I think will be the average but you know what, don't listen to my average get local and work out what your area is likely to do.

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If you're not sure then speak to the team and ask them you know what do you think is going to happen in XYZ in this area what are your feelings about fundamentals in my rant later on I'll talk about the fundamentals and why it's so important to understand that in depth and when you understand that in depth and you research that in depth and when you do all that in depth actually you get a lot of certainty around that okay so that's my house price prediction.

Video Transcription

What's my house price prediction for 2021. I think actually it's gonna end up minus three, now I'll qualify it with this, I think we will see some drops. I think to be fair you know we're in the middle of the worst recession ever. I think there's a lot of optimism there's a lot of people who say you know you know what no no no it's great it's great it's fantastic you know there's all this pent-up demand and all that stuff. I agree and this could change if the government continues stamp duty and does a lot of things like that. But unfortunately I just don't see, you know it's a big country and I see that actually some areas like London will start to come back because it's always the first to bounce back. By middle of next year we'll start bouncing back and could see some house price growth I think in commuter towns, in major cities you've got to look in the major cities because certain areas and major cities probably won't because they've had a lot of growth. So actually when you factor in all these things that's what I think will be the average but you know what, don't listen to my average get local and work out what your area is likely to do. If you're not sure then speak to the team and ask them you know what do you think is going to happen in XYZ in this area what are your feelings about fundamentals in my rant later on I'll talk about the fundamentals and why it's so important to understand that in depth and when you understand that in depth and you research that in depth and when you do all that in depth actually you get a lot of certainty around that okay so that's my house price prediction.


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