A survey of LendInvest Property Development Academy attendees also revealed that 24% claimed that political developments – such as elections and Brexit – would impact house prices the most.
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Only a fifth (20%) cited the supply of housing, while 16% of those surveyed said that the construction of new infrastructure – such as HS2 and Crossrail – was the most important factor.
Steve Larkin, director of development at LendInvest (pictured above), said: “Typically, we might expect to see more scepticism or concern surrounding the impact of Brexit on the market.
“Likewise, shortage of supply is the conventional culprit for pushing house prices up.
“Naturally, we must wait to see how the economic and political developments of the next year or two unfold.
“But for now, it’s encouraging to see these aspiring developers taking such a fresh perspective on the market they’re entering.”