11
Dec
House prices 'to grow up-to 2% in 2008'
UK house prices will rise between one and two per cent during 2008,
Allied Surveyors predicts.
Robert Bryant-Pearson, chief executive of Allied Surveyors, said
that growth will remain positive over the period but that it will
not achieve the levels seen over the last year.
He explained: "There will be very little growth in house prices
next year with adjustment in certain locations and types of
property combined with a decline in the price of one and two
bedroom apartments which are currently making up large percentages
of city centre property types."
However, price falls are likely to affect smaller properties, Mr
Bryant-Pearson predicted.
He said: "We expect poorer housing stock and former local authority
housing to be the most vulnerable. Whilst some lenders are
predicting little or no overall change in house prices for 2008,
this masks the fact that there will be certain sectors that will
see a decline whilst others such as well located family homes in
the middle market will continue to enjoy healthy demand."
