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Help to Buy will boost prices more quickly than supply.
Help to Buy will boost prices more quickly than supply.
The Centre for Economics and Business Research (Cebr) predicts an average UK home will cost £227,000 in 2014, surpassing the pre-crisis peak for the first time.
Economic fundamentals push house prices to £267,000 by 2018.
New Cebr forecasts show that a typical house in the UK is expected to cost £227,000 in 2014, surpassing the 2007 pre-crisis peak for the first time.
Next year, the leading forecaster expects house prices to be 2.3% higher than in 2007.
Cebr also predicts the average home price will be £222,000 this year, 1.4% higher than in 2012, but just under the peak achieved immediately prior to the financial crisis.
In the short term, lacklustre wage growth, domestic banks’ ongoing recapitalisation efforts and Eurozone financial unrest are expected to subdue house price growth this year and next.