Rightmove predicts house price rise | Business | The Guardian
House prices are predicted to increase next year despite the uncertain economic climate and pressures on mortgage lenders.
The property website Rightmove said today it expected prices to rise by about 2% in 2012, compared with the 1.5% annual increase revealed in its December housing market survey. It said prices would be underpinned by a shortage of new sellers, which it forecast would be about 1.2 million next year, down marginally on 2011 and around a third lower than before the credit crunch. Rightmove's 2% rise compares with a recent prediction from Halifax that the housing market was likely to be stagnant next year, with prices little changed over the 12 months.
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