House price growth forecast

Published:  05 August, 2009

LONDON: House prices, a key driver of the repair and maintenance business, is set to rise 20% between 20012 and 2014.

The National Housing Federation's projection for housing prices released yesterday said the current level of house building covers 60% of demand and the shortage will drive up prices.

But in the short term prices will continue to fall, slipping 12.2% this year and 4.6% next year before recovery in 2011, the federation said. 

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