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House Prices "To Rise 25% By 2013"
According to the National Housing Federation (NHF), house prices in the UK will increase by 25% over the next five years.
The new report from the NHF predicts that house prices will fall 2.1% this year reaching a maximum of 8% lower than they were last year. The report suggests that prices will begin to rise again in 2011, rising by a quarter by 2013.
Tony Rice of TMP Mortgage Zone said: "Whilst no-one has a crystal ball and you would expect the NHF to have a more positive view of the housing market than most, there is no doubt that there is some substance to this latest report. House prices in the UK have always been a good, long term investment. Demand for housing in this country continues to go up and is fuelled by more people coming into the country and more people choosing to live on their own. Both these factors are not going to be changed by the credit crunch or slower economic growth."
[ 01-08-2008 ]
