Property Prices To Boom During 2010!
Property experts may have predicted last year that the General Election would cause property prices to become static across the UK property market, but a recent study by the Centre for Economics and Business Research (CEBR) seems to believe otherwise.
During this investigation CEBR calculated that property prices would grow by approximately 5.3% during 2010 – 0.7% lower than their previous annual growth estimation of 6%.
However, even with their estimation falling by 0.7%, CEBR still strongly believe that the General Election will not hinder the property market but will allow property prices to rise…
With the property market becoming increasingly pressurised by the growing property shortage, and mortgages dropping to more affordable rates; CEBR feel this unique combination will help property prices to grow by 3.4% during 2011 and 9% during 2012.
Yet, this is only the tip of the iceberg…
The independent consultancy have also predicted that mortgage rates will fall from their current level of 4% to 3% in the next 7 months, despite predictions from the economic consensus which believes that the base rate will rise from 0.5% to 2.25% by the end of 2011.
Related posts:
- Could Property Prices Boom?
- Buy To Let Investment To Boom?
- Property Predictions Wrong
- Outcome Of The Property Boom
- UK housing market ends 2010 on the up
Tags: invest in property, property advisors, property investment, property investors, property market, property prices, property value
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