JLL Residential

Residential Eye Helping Hand

JLL Residential Eye | Helping Hand November 2013
The helping hand of Government initiatives has brought the housing market recovery forward with the impact on price growth even stronger.

Our predictions are very positive but they could also be judged as conservative. We believe we are entering a new phase where house prices can justifiably rise more strongly and in a more sustained manner.

There are several influences that will propel the market forward other than Government schemes but a relatively subdued economic recovery, weak household finances and the remnants from the credit crisis will all constrain the market well short of bubble proportions.‚Äč

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Neil Chegwidden comments

We are predicting strong UK house price growth over the next five years as a result of a recovering economy and historically low interest rates. Government initiatives such as Help to Buy and Funding for Lending will also provide support to the housing market boosting growth and activity, at least in the near-term.