Slow recovery to follow after market bottoms out in 2019

摘要

If you thought 2018 was a bad year for the UK property market, hold on to your hats. All indicators in the recent Investment Property Forum's (IPF's) UK Consensus Forecasts predict that the market will bottom out in 2019, due largely to the fallout from Brexit, "This year has always been identified as being the potential bottom of the market in terms of all the performance indicators," says IPF research director Pam Craddock. "But the weaker forecasts coming in for post 2019 suggest it's going to be [an even] slower recovery." Craddock points out that forecasts for total returns in 2019 and 2020 were repeatedly adjusted downward last year and continued to slide after the government's proposed Brexit deal received a chilly reception in parliament.