Fresh from his keynote speech at the Landlord Investment Show last month, property expert Kam Dovedi shares his five property predictions with Property Investor Today.
Prediction 1: We are already experiencing a downturn in the market – 2018 is the year this will become a lot more apparent.
In fact, real estate firm JLL forecasts that prices will only rise by 1% this year compared to the 2.7% increase witnessed by investors in 2017.
Prediction 2: There’s a myth in the professional property industry that history doesn’t repeat itself. My view is yes it does. The looming uncertainly around Brexit and how this could affect the UK housing market could lead to a crash similar to that seen in the last recession.
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