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House Prices Predicted To Rise This Year Research Reveals
First-time buyers hoping to find an affordable home this year may want to act fast to secure a good deal.
Budget-friendly properties may be due for a price rise, according to recent research.
One in three Brits expect house prices to rise over the next twelve months, reports the Halifax Housing Market Confidence tracker.
In addition, 50 per cent of respondents claimed the next three months would be an ideal time to invest in property, which could motivate buyers to get onto the property ladder.
However, for owners hoping to sell their current home, holding out for price rises could prove beneficial.
Almost a third of those questioned (31 per cent) believe average house prices will be higher in 12 months time.
Conditions for buy-to-let investors are also expected to improve, with 63 per cent predicting that private rents will rise in the coming year.
Concerns over job security could also boost rental yields for some landlords, as 52 per cent of respondents cite this as one of the main barriers to buying an affordable home.
Rising house prices could help to increase demand for affordable homes to rent in the coming months.
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Article date: 6/16/2011 12:00:00 AM