Research and Markets: UK Average Property Prices to Continue To Grow, Reaching 223,000 by 2014 0.7% Higher Than the Peak Prices Reached During 2007

Business Wire

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/6hhk2p/estate_agents_and) has announced the addition of the "Estate Agents & Services Market Report 2013" report to their offering.

This Market Update examines the estate agents and services market in the UK, which refers to the sale and rental of residential properties, as well as any related services, such as conveyancing, surveys, financial services, auctions, valuations and other property management solutions provided by estate agents.

Although the economy has continued to remain fragile following the double-dip recession, some signs of recovery have become apparent since the start of 2013 and there has been renewed confidence in the property and mortgage market as a result. New seller prices increased once again in April 2013, with the Centre for Economics and Business Research (CEBR) predicting that average property prices will continue to grow, reaching £223,000 by 2014 0.7% higher than the peak prices reached during 2007; this suggests a return to good fortune for the overall estate agency market.

In addition, the introduction of new Government schemes, such as Help to Buy, which became available in April 2013 and is expected to be expanded even further in early 2014, holds much promise for the market, and should go some way towards helping first-time buyers and current property owners from entering or moving up the property ladder within the UK. The rental market is also expected to continue to observe growth over the coming years, driven by increased private investment and help from the Government in the form of the Build to Rent programme. All in all, current market indicators suggest that confidence across the property industry is finally on the rise, with the market expected to begin to see pre-recession growth from 2014 onwards.

Companies Mentioned:

- Home.co.uk

- Nestoria

- Rightmove

- Trovit

- Zoopla

For more information visit http://www.researchandmarkets.com/research/6hhk2p/estate_agents_and

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Sector: Property

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