House prices and private rents will rise sharply from 2015
21st October 2012
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In their Home Truths 2012 report, the National Housing federation says they expect house prices to reduce into 2013, because of the weakness of the economy, followed by an increase across England of about 5-6% a year from 2015 to 2017.

They also believe private rents are likely to remain about the same throughout 2013 followed by sharp rises of about 6% a year from 2015 to 2018 as interest rates increase and house prices rise.

This could mean that we have a generation of people who simply will not be able to afford to rent a home, let alone buy one.

The National Housing Federation wants the Government to make available some brownfield land so more houses can be built by housing associations. They say, in England, one in 12 families is on the waiting list for social housing.

Andy Haynes www.property-here.co.uk

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