July 29, 2008

House prices are set to rise

At last, there could be some good news over the horizon, well at least when it comes to property prices. In report which has been published by the National Housing Federation are claiming that within the next five years property prices are set to rise.

In fact they are suggesting a slight increase, they predict that over the next five years, property prices throughout the UK are set to reach an average price of £274,700, which is around twenty-five per cent more than the 2007 average of £222,600.

However we are still going to see a fall of around two per cent in 2009, but by the end of that year going into 2010, this is where the turn around will start, but the prices will begin to rise sharply in 2012 and 2013. If these predictions are correct then it will be a breath of fresh air for property owners in the UK.

Source [Jewar Blog]