House Prices To Rise This Year
The CEBR report that house prices will rise by £9,000 this year.
It means the value of the average British home would rise from £169,500, as calculated by Britain’s biggest lender Halifax, to £178,500 by the end of this year.
There will be a lower increase of 3.4 per cent in 2011, followed by a strong rise of 9 per cent in 2012, Cebr predicted.
Interest rates will remain low, encouraging buyers to return to the market, boosting prices by 5.3 per cent this year, according to the Centre for Economics and Business Research.
It means the value of the average British home would rise from £169,500, as calculated by Britain’s biggest lender Halifax, to £178,500 by the end of this year.
There will be a lower increase of 3.4 per cent in 2011, followed by a strong rise of 9 per cent in 2012, Cebr predicted.
Now if this does not tune you in to the fact that there is SUBSTANTIAL money to be made, I do not know what will.
If you buy a property for £75,000 (25% Below Market Value), by these figures it will be worth £118k within 3 years, giving you equity of £43,000.
Article Courtesy of Ross Quin @ Morgan Grey
