Twitter Facebook RSS FEEDS

House prices to rise 7.5% in 2007

Tuesday, 5 December 2006 12:00 AM

House prices are set to rise 7.5 per cent in 2007 with period properties out-performing the rest of the market, a leading home-finding service predicts.

Forecasts by The County Homesearch Company indicate the best properties next year will be Georgian period homes, which are set to be "bullet proof investments".

Another hotly tipped prediction for next year are the strong prospects for homes in west Wales, an area set to be the UK's property hotspot for 2007, the company says.

"Without a doubt the area west of Swansea (to include Pembrokeshire, Carmarthenshire and south Cardiganshire) will prove the hotspot of 2007, offering coastal areas that reflect Cornwall 30 years ago and prices that are still competitive," explained Jonathan Haward, managing director of The County Homesearch Company.

"Along with Georgian period properties I expect to see working farms become increasingly popular with buyers. They prove very tax efficient for inheritance tax purposes and as a result will prove popular the hedge-fund brigade."

Mr Haward added: "The market has certainly settled down and the heat has gone out of most normal day-to-day transactions. People in normal salaried occupations are borrowed to capacity and it is generally accepted that debt levels are reaching a plateau which I predict will have a stabilising effect."

For 2007, Mr Haward predicted the biggest impact on top-end properties would be City bonuses and overseas investment from emerging affluent sectors.

Related stories

Period properties are expected to outperform the market in 2007

House prices to rise 7.5% in 2007

House prices to rise 7.5% in 2007

 Almost half of people questioned think that property prices in their local area are above fair and reasonable levels.

Surge in buyers expecting house prices to rise

One in three home movers now expect prices to be higher in a year’s time, says Rightmove.
Row of terraced houses in London

House prices rise £30 per day

The average house price has risen by £5,478 compared to six months ago, accprdomg tp figures out today.

 House prices in market towns have risen by £1,000 a month on average over the last decade, say Lloyds TSB. Image: Thinkstock

Market towns enjoy £1,000 a month house price rise

Over the last decade house prices in market towns have risen by £1,000 a month on average say Lloyds TSB.
Restrictions in the planning system are not the cause of rising house prices, says a Bank of England policymaker. Image:Thinkstock

House prices set to rise ahead of incomes for years

Rising incomes and a growing population will drive up prices, warns David Miles of The Bank of England.

Row of terraced houses in London

Brits think house prices will rise over next year

More Britons expect house prices to rise rather than fall over the next 12 months, the results of a survey released today claim.
House prices have been flat since October 2010.

'Temporary' rise in house prices set to cool

Rush by first-time buyers to beat end of stamp duty holiday caused price rise in February, says Nationwide.

House hunting couple

UK house prices rise 91% in a decade

The average asking price has rocketed by £78,000 since the turn of the century - despite the effects of the economic downturn.
Price of terraced homes rose £118 a day over the last decade, says Halifax survey. Image: Thinkstock

Terraces see highest house price rise

Price of terraced homes rose £118 a day over the last decade, says Halifax survey.

 AboutProperty.co.uk

CLG: 7.5% rise in house prices in London

CLG: 7.5% rise in house prices in London

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.

Save space with a small bathroom suite

Most people dream of having spacious bathrooms with a freestanding tub and a separate shower cubicle where you can relax in pure luxury. However, the reality is that bathrooms are rarely as big as we'd like them to be. Here are some tips on how to make the most of a small bathroom.

The benefits of choosing painted kitchens for your home

If you want to give your home a makeover, consider painted kitchens. While these look great in traditional properties, such as cottages and farmhouses, they also work well with contemporary spaces due to the large selection of styles and colours.