May
05 Average house prices predicted to rise 5% during 2010
UK average house prices will grow to be 5 per cent higher at the end of 2010 than at the beginning despite the sluggish start to the year. The average mortgage rate is likely to fall from a current APR of around 4% to about 3% by Q1 2011, say cebr.
This is a key finding from the latest Consumer and Housing prospects report published by the centre for economics and business research (cebr) – one of the country's economics consultancies and respected commentators on the UK housing market.
Due to the sluggish growth, cebr also forecasts that base rates will average 0.5% over the next 18 months and will only rise slowly thereafter.
Categories: Economy