Monday, January 21, 2013
Time to stop FFL before it’s too late, easy money got us into this mess in the first place
House prices to surpass their pre-financial crisis peak for the first time next year and 'will be 19% higher by 2018'
Property prices will race ahead in the next two years and are set to surpass their pre-financial crisis peak for the first time in 2014, economists predicted today. Bullishly, the Centre for Economics and Business Research also forecast that in five years' time a typical home will cost Â£261,000, representing an increase of 19.1 per cent compared with this year. Average prices this year are expected to edge up to Â£219,000, marking a 0.8 per cent increase compared with 2012, the CEBR said.