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House Prices Will Climb Higher in 2008 |
| Thursday, 13th December 2007 |
House Prices Will Climb Higher in 2008 |
House prices will climb higher in 2008, a property investment expert has predicted.
Stuart Law, chief executive of Assetz, said that while there have been predictions of a downturn, the strong market fundamentals mean that âthere is actually no reason to set the alarm bells ringing.â
âDespite a recent slowing in the rate of house price growth across the market, the average figures reported by the major indices show that house prices have continued to grow at a healthy rate over the last two or three months,â he commented.
Mr Law argued that factors such as continuing high levels of immigration, the shortage of available properties and the slow movement of the governmentâs plans to build more new homes would help support prices.
He forecast that house price growth would average at five per cent next year, with interest rates falling to five per cent by December.
Assetz also suggested that the buy-to-let market would continue to be strong, a view echoed by the Association of Residential Lettings Agents who commented that the market was safe for investors who do their research.
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