Despite
the gloom perpetuated by the media about the housing market –
which is often inaccurate - new research commissioned by the National
Housing Federation has this week revealed that average house
prices are expected to
rise by
25% by 2013.
The
report, researched by independent economists,
Oxford
Economics, finds:
The average house price in England will rise by 25% by 2013
to reach £274,700
 |
Demand
is growing whilst supply of new houses is falling with only
75% of required new homes built each year which means “house
prices will resume their previous upward trend” -
fuelling another seller’s market
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|
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There
are more households than ever – people living longer,
delaying getting married and more likely to get divorced –
further increasing housing demand
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These
latest findings reiterate that property is an exceptionally
sound investment. The market has seen phenomenal growth
over the last decade and experts believe that today’s
conditions are just a temporary blip.
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Still
unsure.....
Graph of house prices since 1960
