Gloomy forecastPosted: December 10, 2013
It’s the time of year for predictions and the prospects do not look good for anyone struggling to get on to the housing ladder or afford their rent.
The latest Home Truths report from the National Housing Federation predicts that house prices in England will rise by 35 per cent by 2020. However, the bad news does not stop there for the ‘huge swathe of the population locked out of home ownership for life’ because rents will rise by 39 per cent over the same period.
The latest RICS housing market survey, also out this morning, shows that prices again rose sharply while expectations for future growth have risen to their highest level since 1999.
Read the rest of this post on Inside Edge, my blog for Inside Housing