Hum­berts fore­casts 8.2pc rise in prices

Yorkshire Post - Property - - PROPERTY -

CH­ESTER­TON Hum­berts is fore­cast­ing that na­tional house prices will rise by up to 8.2 per cent in 2014, ahead of a pre­dicted 8.1 per cent rise in Greater Lon­don, but does not think there will be a prop­erty bub­ble in the short term due to var­i­ous Gov­ern­ment and Bank of Eng­land ini­tia­tives which will en­sure that af­ford­abil­ity re­mains man­age­able.

The prop­erty firm is pre­dict­ing that na­tional house prices will av­er­age six per cent per an­num growth over the next five years with a to­tal growth of al­most 30 per cent but be­lieves that this growth will be sus­tained un­til at least 2016 by mort­gage sup­port schemes which prop up the lend­ing mar­ket by al­low­ing cheap mort­gage credit and en­abling more peo­ple to buy.

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