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Joyful Agents set for house price boom

December 20, 2013 Bloggies by danny

Joyful Agents will see house price booms again.

It appears for the first time in a while the whole countries house prices will jet upwards.

All predictions point towards happy agents and a massive property boom in 2014.

The annual forecasts are unilaterally showing mass recovery and large rises across Britain.

“We believe 2014 will be the fist year of recovery,” says Adam Challis of property analysts Jones Lang LaSalle.

The National Association of Estate Agents, Mark Hayward, said “a reviving UK economy and successful government schemes like Help to Buy and Funding for Lending have created a buoyancy that looks set to continue well into 2014”.

For the first time since 2007 agents across the country are predicting price growth throughout the UK.

The predictions range between 6% and 10% growth for next year, area dependent.

Scotland will be around 6%, with Aberdeen being at the top for growth.  Although with the introduction of stamp-duty, in 2015, this could hinder their property market and price inflation.

The north of England is looking at price hikes of 7%, they are still way behind the South and South East of England.

The Midlands is also around the 7% marker.  With HS2 coming their way, this will help keep the price rises well into the future.

Wales appears to be around 6%, they are getting their own version of Help to Buy from the Welsh Government very shortly.

Central London shows 10% growth, as ever, a very rapid increase and a great investment. In part caused by huge foreign investment.

The South West of England looks to be at 6%. Confidence has been growing amongst people wishing to buy second homes and this is really helping around this region.

Anyone who feels there could be another housing bubble on the way should know we would need price rises of around 35% too 40% and mortgage rates to reach 7% for this to happen. It doesn’t seem that likely.

Knight Frank, estate agent, is airing a word of caution stating that over optimistic views of the housing market could be out of touch during the lead up to the 2015 general elections.