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House Prices Forecast To Rise By 30% Over Next 4 Years

In the middle of the doom and gloom of a major recession it can be very easy to bandy around some headline grabbing numbers and pull in interest from the property sector. Whether the forecast 30% bounce in house prices between now and 2012 actually materialise is a different matter but the Centre for Economics and Business Research (CEBR) seem to think this is a strong possibility.

The CEBR has released a detailed review of the UK market which is both very factual and makes interesting reading for anyone connected with the sector. They believe that the market will stabilise next year and then start to pick up towards the end of 2009. By 2012 they estimate that the average house price in the UK will be in the region of £226,000, a jump of £50,000 from today's average price.

At the moment these positive surveys are being discounted by many but the more that are released to the market, the more chance of changing baseline sentiment. When sentiment does finally pick up in the market we will see people take more notice of the positive surveys and discount the negative forecasts. Human nature is the key to stopping the rot in the housing market although when this will turn is anyone's guess.

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