House prices could go up by £13,500 this year
The Halifax have announced that by the end of 2014, the average home could be worth £187,000 – that’s a predicted 8% jump over the next 12 months.
The Halifax added that monthly figures were often 'volatile', but quarterly figures showed a 1.9% increase- so there’s no doubt that there’s a housing bubble/upward trend continuing this year.
And sales are increasing, too, with the figure hitting the one million mark in 2013 – the highest since everything came crashing down in 2007. The property price index also showed that house sales were up for the seventh month in a row in November.
Of course, with healthy sales and fat profits comes that most precious thing of all - consumer confidence. In a poll by the Halifax, 51% of respondents said they thought 2014 was a good time to put their home on the market.
So, if it's announced today that interest rates are staying put - as they're expected to - then we’ve got ourselves another nice big bubble to live in – which will then BURST and leave us homeless and living in an Aldi carrier bag.
Enjoy it while it lasts!