2008 is the year of opportunity.
To those who are thinking of when to start planning to become financially free, here is another very interesting article that I would love
to share with you.
Alison
The National Housing Federation has forecast that house
prices in England & Wales will rise by 25% by 2013.
The federation states that while there will be a slight
reduction in 2008 of 4.4% and a smaller reduction of 2.1% that house prices
will quickly recover and will be rising by 9% in 2012 and 2013.
It states that one of the reasons for the growth bounce-back
is that there is a great demand for housing and this demand has not diminished but
in fact will grow. The demand will be partly prompted by the cutback of new
houses on the market as house builder’s mothball and delay projects during the
current housing uncertainty. People are also living longer and the high rate of
divorce continues to prompt demand for even more housing as couples split up
and need two homes instead of one.
The Federation predicts that the cost of an average home in
England by 2013 will be £274,700.
Therefore investors need to consider 2008 as the window of
opportunity to buy property as cheaply as possible. There are still a large
number of motivated sellers but as soon as the market starts to recover then
these sellers will be more tempted to wait or increase their prices.
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