Homeowners in the UK are set to benefit markedly over the next five years as house prices are projected to rise.  A forecast by Rightmove and Oxford Economics has predicted a 30% rise in house values over the next five years*.  This increase compares favourably to the 26% rise predicted by Savills by 2018 (ThisisMoney.co.uk, October 2014).

Independent consultancy Oxford Economics bring a sense of reliability to the findings; the reliability that is not normally associated with property forecasts.  They included the analytics from their forecasting model and incorporated key factors such as; a growing population, a limited supply of new homes and a recovery in income.  This method helps to provide a substantial basis on which to forecast the dynamic property market. 

In order to reap the financial reward of a 30% rise, homeowners would be wise to purchase housing now to maximise the return. The areas of Southampton (42.9%), Luton (41%) and Brighton (40.6%)* have projected the biggest rise in house values.  

*theguardian.com