Insurance News Archive

Property owners and landlords could win big in 2012

Next year could offer plenty of opportunity to private renters and property owners because of a potential rocketing in house prices during 2012.

Graham Lock, director of Housenetwork.co.uk, has suggested that 2012 could be a difficult year for estate agents due to the fact that house prices are expected to see a rise.

However, looking at it from an owner's point of view this could be a real boost. If prices rise then more people will be looking at renting, meaning that property owners may be in the market to take advantage.

Mr Lock said: "I think next year, generally for estate agents, is going to be tough - we're at a historic low at the moment and the only moves at the moment seem to be non-luxury moves."

Events such as the Olympics are reasons behind Mr Lock's prediction of a five per cent increase in house prices during 2012.

Posted by Michael Brown

23 Dec 2011