Forecast of 17pc rise in property prices
NATIONAL house prices will rise 17 per cent during the next five years, according to CBRE, which predicts that Yorkshire will see increases of 15.8 per cent by 2018.
The forecast follows news that mortgage approvals are at their highest level since 2008.
CBRE head of residential research Jennet Siebrits said: “The continued improvement in lending conditions has been a significant factor in the increased demand across the UK property market.
“The Funding for Lending and Help-to-Buy equity loan schemes have proven particularly successful.
“The first phase of Help-toBuy has achieved its objective of stimulating the UK property market. We expect the second phase to become a game changer.”