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Tuesday, October 14, 2014

House prices to surge 30% over 5 years

The latest survey from economic forecaster Oxford Economics is talking about a rise of house prices of over 30% in parts of the south east in the next 5 years.

Top hot spots have been identified as Southampton with a suggest increase of 43% followed by Luton and Brighton at 41%. The suggestion is that the buoyant London housing market will spread out over the South East in a ripple effect. Outlying areas such as Carlisle and Manchester are only expected to see house price increases of less than 20%.

Interestingly, the survey has been commissioned by Rightmove. Have you ever seen an estate agent which effectively Rightmove is, ever calling an end to a booming housing market. Wouldn't that be like turkeys calling for Christmas?

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