RE: Very downbeat2 Dec 2014 08:22
Winkworth say.......
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'Looking to 2015, our expectation is that the market will continue to be subdued in the first half of the year. However, in a reverse image of 2014, we expect the latter half to see a pick up both in terms of prices and transactions.
We anticipate that prime central London will continue to be most affected in coming months, with political uncertainty and proposed legislation for a mansion tax leading to a price fall of 5% in the first half of next year. Changes to the taxation of overseas investors and less attractive exchange rates lead us to believe that, although the market may pick up slightly after the general election, prices will be flat in central London for the year as a whole.
Suburban London is expected to be impacted as the rapid growth seen in 2014 slows, helping to rebalance supply and demand. Caution before the polls suggests that prices will be flat for the first half of the year, before rising modestly by year end.'
http://www.investegate.co.uk/m-winkworth-plc--wink-/rns/trading-statement-and-market-outlook/201412020700095057Y/
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