Prices fore­cast to rise ‘by 3pc by 2016’

Yorkshire Post - Property - - PROPERTY -

JONES Lang LaSalle has re­vised its house prices forecasts up for this year.

Ac­cord­ing to its lat­est re­search, prices in York­shire will rise by one per cent this year and are set to peak with a three per cent in­crease by 2016. It pre­dicts that prices will rise by three per cent na­tion­ally. Guy Ack­ern­ley, Head of Res­i­den­tial in Jones Lang LaSalle’s Leeds of­fice, says the Govern­ment’s Help to Buy and Fund­ing for Lend­ing schemes have strength­ened the mar­ket, but adds that the growth rate may slow when they run out and in­ter­est rates rise.

Mean­while, moth­balled schemes in Leeds city cen­tre could be re­vived. Tay­lor Wim­pey has sub­mit­ted a re­vised plan­ning ap­pli­ca­tion for Green Bank.

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