House prices to be up 20%

In our dreams many landlords may be thinking.....

However, some experts are still forecasting surging house prices over the next 5 years.

The Centre for Economics and Business Research, a “fundamental shortage of housing supply” will steadily drive up prices this year and next, with a further five per cent increase expected in 2012.

The growth is due to continue with a 5.4 per cent increase in 2013 followed by a 3.9 per cent rise in 2014.

Based on the latest estimates, the average price of a home in Britain would rise from £179,000 at the end of 2010 to £212,000 by 2014.

To read more go to the Express.

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