Fore­cast of 17pc rise in prop­erty prices

Yorkshire Post - Property - - PROPERTY -

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.”

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