House prices are set to increase markedly according to forecasts from both Savills and Rightmove. 

Savills predicted a 26% rise in house values by 2018 (ThisisMoney.co.uk, October 2014), with Rightmove stating growth of 30% in five years*.  Independent consultancy, Oxford Economics provided backing for the Rightmove forecast. 

The joint venture of Rightmove and Oxford Economics offers a considered, calculated method.  This provides more reliability to the scope of these predictions.  The inclusion of the following factors; a recovering in income, a growing population and a limited supply of new homes, indicates a solid basis for cautious deliberation.

A price hike of this magnitude would give reasonable indication that purchasing property now would reap dividends in five years’ time.  The areas with the highest predicted growth margins are Southampton (42.9%), Luton (41%) and Brighton (40.6%).