House prices will have 'small increase' in Kent in 2017, say developers


House prices will go through a "small increase" this year despite concerns from some analysts, according to two of Kent's prominent property developers.
Mark Quinn, managing director of Canterbury-based housebuilder Quinn Estates, said the industry felt a post-Brexit shock has not materialised in the sector.
He said the Government need to ease the path for house builders to build more homes as competition will lower prices, although he thinks prices may fall in London as many developers struggle to sell new homes at present values.
Meanwhile, Shahan Lall, owner of property developer Lall Group, based in Maidstone, said prices will remain high in Kent because supply will not reach demand any time soon.
He added: "Migration from London is a huge factor with a large population coming out to the South East because of the high speed links, which will help increase house prices."
The pair were speaking on KMTV business show Chris & Co.
Mr Lall also discussed the difficulties faced by businesses getting access to the funding they need to grow.