The slowdown in the economy and concern about global issues is not going to hamper the rise in home prices although sales may stall. That’s according to a poll of analysts by Reuters which predicts an average 5.2 per cent rise for this year, 2 per cent in 2016 and 2.3 per cent for 2017. These are up from 3.4, 1.3 and 1.7 per cent predictions for those years that a similar poll revealed in June. While higher prices may be good news for homeowners who are holding on to their properties, for those who wish to sell (and buyers) it may be a tougher environment. The analysts expect home sales to slow due to the high cost of property deterring potential buyers.
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