Cebr says house prices are set to Boom 25% in 4 yearsMake Text Bigger
HOUSE prices are set to boom 25% over the next four yours according to the Centre for Economics and Business Research (Cebr).
The Cebr are predicting an increase in house prices of £52,000 to an average home price £272,000 by 2021 as confidence in the UK housing market remains high.
The current average house price is £220,000.
Cebr economist, Kay Daniel Neufeld, said “already towards the end of 2016 indicators pointed to a stabilisation in the housing market, a trend that has continued in the first months of 2017.
“Transaction numbers are slowly recovering from the introduction of a stamp duty surcharge on second homes in April 2016, which has led to considerable distortions in the market.
“Mortgage approvals, are nearing post crisis heights, boosted by low interest rates and favourable borrowing conditions.”
What will the HPC crowd do now?
They’ve been hanging on for years waiting for their House Price Crash! They hoped the attack on landlords by the Government would bring about their beloved House Price Crash!
Instead it looks like there will be a House Price Climb!
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