The fu­ture looks bright for 2014

Yorkshire Post - Property - - PROPERTY -

THE Na­tional As­so­ci­a­tion of Es­tate Agents (NAEA) has re­vealed its pre­dic­tions for the UK prop­erty mar­ket over the next 12 months.

Mark Hay­ward, man­ag­ing di­rec­tor of NAEA, says: “We end this year with mar­ket con­di­tions very much im­proved, thanks to a re­viv­ing UK econ­omy and var­i­ous suc­cess­ful Gov­ern­ment schemes like Help to Buy and Fund­ing for Lend­ing, and this buoy­ancy looks set to con­tinue well into 2014. But fears of a hous­ing mar­ket bub­ble are mis­placed. Trans­ac­tions are well down on pre-cri­sis lev­els as are lev­els of home own­er­ship and re­cent price in­creases are small in com­par­i­son to the rapid rises seen pre-fi­nan­cial crash.” He adds that larger fam­ily homes could be in short sup­ply next year.

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