UK house prices will continue to rise throughout 2010 and beyond

First Time Buyer Help and Information_01
Image by myfirsthome via Flickr

Source: chestertonhumberts.com

House prices will continue to rise for the foreseeable future according to independent research from CEBR commissioned by Chesterton Humberts, one of the UK's leading property consultancies.

The research says that whilst mortgage lending remains tight, conditions have improved substantially since the worst of the crisis and lending continues to edge up. Base rates are forecast to remain at historic lows in 2010, making mortgages relatively cheap, albeit with post-credit crunch loan-to-value rates and higher risk premia.

Economic output has weakened considerably over the last year. We now expect modest growth of 1.2% in 2010. Finally, the supply side of the market will remain tight into the medium term. The current shortage of property on the market may be causing short term supply issues, but in medium term, the current shortage of new house-building will also come into play

house to home uk

Robert Bartlett, Chesterton Humberts CEO, comments: “The CEBR's research supports our belief that the property market will experience a fractured but sustainable recovery, with the London market continuing to increase more rapidly than other areas. The monthly Chesterton Humberts/CEBR House Price Poll of Poll is also demonstrating that the price of the top 20% of properties by value is continuing to increase more rapidly than lower value properties.

“While rising unemployment and weak wage growth will certainly temper house price growth next year, growth will continue, especially in London where Sterling's weakness against the Euro continues to make UK property an attractive investment for cash rich foreign investors. For those living in areas of relatively stable employment, many now have considerably greater disposable income than just a year ago, and are now taking advantage of the historically low mortgage rates to secure their housing needs.

“Looking beyond the end of 2010, we have an Olympic Games in Britain in 2012, another factor which is likely to keep demand for property strong in the two years leading up to that event.”


Bitcoin: 1BJbBAvdNHcZPZBnaFpyExUmAD9H1crosU


Litecoin:LXfkhyMe8gxdENyUc7Y5itHzFqr67F96nW

Or…

If you enjoyed this article FEEL Free to TIP My First Home Blog:


Any Amount Welcome 🙂


Dash: XmARRjJ9y2zUUgiPWPMrjviWWCvpuogwKd


Dogecoin: D5vAJ9ydfsNX1VE6e93Wh16gmUfVSUSKQq


Bitcoin: 1BJbBAvdNHcZPZBnaFpyExUmAD9H1crosU


Bitcoin Cash: 1Q8njMG4LPqFYthtNu6rq2Rbq9JqKXaPg1


Ethereum: 0x60454606e1f66C09e4fD7977b844718b683B2836

{ 0 comments… add one }

Connect with Facebook

Leave a Comment


x

Related Posts

Tips And Tricks For Real Estate Investment Success
Tips And Tricks For Real Estate Investment SuccessReal Estate Investment - Getting started investing in real estate as a career is something that...
Make The Best Out Of The Situation With These Home Improvement Tips
Best Home Improvements projects are a fun way to enjoy your house. By being certain that you know how to approach a project, you can be more cert...
Ways to Recreate your House
Recreate your House: A house without decorations is like a blank canvas without painting.Recreate your House: In order to make your house attract...
powered by RelatedPosts