We have just begun a new year so it is time to take stock of what happened in the property market in 2018 and look at what awaits us in 2019.
As many different people in the sector predicted, 2018 was the best year for the housing market since the financial crisis. But what will happen in 2019? Will the positive trend continue? The answer is a resounding yes.
Home prices will rise by 4% to 6% in 2019
Experts are sure: this will be a year in which the sector will continue to grow at a good pace and prices will stay on upward trend although not quite so fast as in 2018. In fact, forecasts predict that prices will rise by 4% to 6% to a cost per square metre of €1,800 and €1,600 for new-builds and existing homes, respectively.
Home sales will rise by around 10%
The demand for homes is estimated to rise by around 10% above the previous year, which means annual purchases of around 632,000 properties, 4.7% higher than in 2018 (when 604,000 purchases were registered).
All in all, 2019 is sure to be a great year to invest in the property sector. So why not do it through PropCrowd? Join real estate crowdfunding and make a high return on your savings.