CEBR predicts UK property prices will rise by 4% this year
The Centre for Economics and Business Research (CEBR) recently released its view on the UK property market which would appear to be in direct conflict with a number of downbeat statements issued by other economic bodies last week. The CEBR believes that UK property prices will rise by around 4% this year and continue to increase until the end of 2014 due in essence to the short supply of properties on the market.
This is the first time we have heard any upbeat news with regards to the UK property market for some time and indeed would seem to conflict with the general opinion that the UK property sector is headed for a double dip recession. Whether or not this upbeat forecast will materialise in the short to medium term remains to be seen but thankfully there would appear to be at least a little hope on the horizon.
As we have mentioned on numerous occasions, the UK property sector is central to the UK economy due to the fact that many individuals have the bulk of their finances tied up in the sector. Any downturn in the UK property sector would obviously have a detrimental impact on the economy but on the flipside of the coin, any improvement in sentiment regarding the UK property sector could well lead to more optimism about the UK economy in the short to medium term.
Property companies looking to invest for the next upturn
It seems as though property companies in the UK such as Land Securities are now readying themselves for an increase in demand for property in the medium term and looking to invest into new projects in the short term. Indeed yesterday we saw Land Securities announce a £655 million investment in the West End of London as the company continues to see signs of growth in the UK property sector. It...Read More
Student flats scam proving a disaster
While the life of a student can be one of small budgets and wafer thin expenses, an ongoing student flats scam is proving a disaster for many. Fraudsters are using the Internet to attract students to "cheap properties" and asking them to forward their bank details or send money to secure a deal for the property. However, many students have found out these properties do not actually exist and when...Read More
House price inflation rises to 8.8%
29/01/2014 House prices rose for the 13th consecutive month in January as annual inflation jumped to 8.8pc, according to the Nationwide building society. First-time buyers are said to have contributed significantly to the rise in prices, as they returned to the market in force, leading to a total rise of 0.7pc in January alone. The figures from the Nationwide are based on their own house...Read More
Reality in the UK property market
A report by the Centre for Economics and Business Research will this week show that UK property prices are forecast to fall by a further 10% during 2009, ruining hopes of a short-term recovery. However, the Labour government will be pleased to hear that the report will also forecast a recovery in 2010, possibly just in time for the next general election. Slowly but surely it appears that Gordon Br...Read More
Taylor Wimpey Looking For Cash Injection
As the housing crisis looks to claim another victim in the shape of former £5 billion powerhouse, Taylor Wimpey, it has been reported that the company is in talks with shareholders about a last ditch £500 million cash injection to literally keep the company afloat. Such has been the downturn in the housing market that these two heavy weights are struggling as a combined unit.