Average house price to hit £300K by 2011

The NHF makes its predictions in its latest report England’s Housing Timebomb: affordability and supply 2006-2011 adding the predictions while good for current homeowners spell disaster for first-time buyers who are already finding it difficult to afford to get onto the property ladder. The research carried out by Oxford Economic Forecasting (OEF) on behalf of the NHF, states the average house price will rise from just under £195,000 in the first quarter of this year to £286,500 by 2011. OEF says this would cause less concern were wage inflation to keep pace with the increase in house pri...