Building society bosses forecast a 4-5% hike in 2006 house prices .
A Building Societies Association survey highlights that most building society chief executives reckon that house prices may rise 4-5% during 2006.
Building society bosses are of course the mortgage market experts. This of course is great news as the market looks like it will stay buoyant.
Stable interest rates, increasing lending and house prices are expected, the mood of building societies is positive.
Forecasts were previously made of 0 - 3%. So mortgage marketers are ecstatic.
With a view of the wider mortgage market, 89% of building society bosses think mortgages will be stronger than last year, with 70% of bosses predicting interest rates will be 4.5% or 4.75% by the end of 2006.
Homeowners can benefit from above inflation returns.
When bosses were asked how first time buyers can be helped, they stated that stamp duty needs to be removed or altered.
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House Prices Go Up 4-5 per cent
Fri, 19 May 2006
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