The future looks bright for 2014
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.