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Leading Cambridgeshire, hertfordshire
and London property specialists since 1959

News

October 01, 2013

House Prices To Rise by 2018

The Centre for Economics and Business Research (CEBR) has forecast that house prices across the country will rise 2.9% to an average of £225,000 this year, followed by a 3.9% rise in 2014. Between now and 2018 the average UK price will jump 23.7% to a record of £278,000. In London, house prices will leap 43.5% by 2018, pushing average values in the capital up to £566,000. CEBR economist Daniel Solomon said the Government's Help to Buy scheme had provided a "shot in the arm" to the market. But he insisted that talk of a house price bubble was "premature" and that a housing shortage was a bigger factor. Howard Archer of IHS Global Insight takes a more positive view of prices and forecasts that they will rise by 7% next year.