What does 2016 hold for the property market?

Last year, the property market saw an escalating increase in the average prices of renting and buying. It was calculated that London continued to stand as the most expensive place to live in the UK, and Manchester was voted the best city in the UK to live in. With Manchester’s property market presenting itself as one of the best in the country, 2016 promises nothing but development in plans to build and sell more and more houses.

A European property study has rounded up the best 10 cities to invest in during the year of 2016. Shockingly, London’s outstandingly big property prices have knocked the Capital city out of the most desirable places. In London’s place, Budapest and Istanbul have taken the hotspot. Also making the top 10, Berlin has become increasingly popular in Real Estate.

One major property expert team have predicted a 6% price rise in England and Wales property markets this year. This is brilliant news for sellers, as all can expect to sell homes and other properties for fantastic prices. The best way to make a sale in this year’s slightly more expensive market is to scrub up your properties to perfection. With the right selling points, 2016 promises success for many hopeful sellers.

In terms of buyers, there have been many surveys in the past few years that reveal how house hunters find money to fund their deposits. These surveys have found that many house buyers have been funded by other members of their family. This funding seems to be on the rise more than ever, as 8 percent of first time buyers are asking for help from friends and family. Will 2016 be the year of independent funding? Or is asking for funds from family the easiest way to do it?