What can we expect from the property market in 2018? We’ve selected 12 trends that we expect to see making news in 2018.
- Stamp Duty
In an attempt to get more first-time buyers on the ladder, the chancellor has given first-time buyers relief. Will the government go further in the next budget to help out the struggling housing market?
Expect the trends for glamorous design to continue. Whether it’s crystal-effect furniture, gilt mirrors or chandeliers, more people are dressing their homes to look like fairy-tale castles. Escaping from real life, perhaps?
- Feel the burn
With the rising cost of gas and electricity, more people are looking at alternative fuel sources. We’re expecting to see more open fires, log burners and alternative heating methods in 2018.
As mortgage rates rise, more buyers are going to be trapped in their current homes. We expect to see more extensions. If you’re looking for loft conversions in Bristol, try a reputable local builder such as http://www.caineslofts.co.uk/.
With more people having to work more hours, expect to see homeowners using a cleaning service to keep their homes in order. If you can’t get it regularly, consider getting someone else to do a deep clean ahead of visits or special occasions.
If the chancellor is kind to buy-to-let landlords, we’d expect to see that market pick back up. There is a great opportunity to make cash in the student market. Gone are the days when student housing was low quality; with more universities offering luxury apartments on site, private landlords need to respond.
- Overseas Retreats
Despite Brexit uncertainty, we’re still expecting those who can to look at second homes overseas. It doesn’t have to be a luxury chateau; a charming cottage in rural France or Spain can be the place to escape to and a source of a second income through letting.
- Outdoor Play
With the news telling us about the dangers of screen time for children, we anticipate that more homeowners will be investing in outdoor play equipment. It might be a swing set and slide, a football net or something as permanent as a play or tree house.
Be sure to check back later in the year to see how we did!