20
Dec
Rightmove predicts house price rise
Dearth of sellers due to fears over eurozone crisis and rising
unemployment will push property prices up 2%, says Rightmove.
House prices are predicted to increase next year despite the
uncertain economic climate and pressures on mortgage lenders. The
property website Rightmove said today it expected prices to rise by
about 2% in 2012, compared with the 1.5% annual increase revealed
in its December housing market survey. It said prices would be
underpinned by a shortage of new sellers, which it forecast would
be about 1.2 milion next year, down marginally on 2011 and around a
third lower than before the credit crunch. Rightmove's 2%
rise compares with a recent prediction from Halifax that the
housing market was likey to be stagnant next year, with prices
little changed over the 12 months.
Source: www.guardian.co.uk