UK property prices to rise by four per cent in 2010

Those considering investment in UK property may be interested to learn that prices are predicted to increase by four per cent during 2010.

The Centre for Economics and Business Research (CEBR) recently predicted the UK property market will see prices rise by four per cent this year in its Consumer and Housing Prospects report. It also stated this increase would continue to 2014 due to a shortage in available property.

Despite other forecasters predicting a "double dip" in the British housing market, CEBR, which works to provide businesses with economic solutions, is confident that short supply and high demand will enable prices to rise year-on-year to 2014.

Report author Benjamin Williamson said: "While we see a double?dip in house prices as being completely avoidable, this does not mean that we will see a return to dizzying house prices any time soon. Our forecasts show that house prices are unlikely to reach 2007 levels before 2013."
 

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