3
Jul
Firm predicts future house price rises
The British public will soon be keen to buy houses again, according
to one firm.
In the opinion of MyMortgageDirect, there is only so long people
will hold off making a property purchase and this will mean slight
house price rises in the future.
If there is a price dip in the future, this will only be the market
trying to find "its level" and this is unlikely to be anything to
worry about, the company furthers.
Discussing the issue, Catherine Hearnden, director at
MyMortgageDirect, explained that this is unlikely to make a
difference to first-time buyers as they are more likely to put off
buying a house because of mortgage costs.
She continued: "In any sort of economic crisis, whether it is to do
with house prices, or property, everything will reach a bottom and
recover naturally."
The Rightmove House Price Index shows that the average asking price
for a home is 5.5 per cent lower than it was in 2008.
