A study produced by the CEBR for estate agent associations shows UK house prices are expected to rise by 50% in the next ten years.
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Property prices in the UK have increased 7.0% over the year to October with an average price of £287,000 according to the ONS.
The Halifax data shows house prices are up 1.4% on the quarter despite a fall last month and is expected to rise strongly.
Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
Older borrowers could soon be offered mortgages into their 80s and 90s as building societies review their age limits.
Data from the CML shows overall lending is up 19% year on year as remortgage buyers return after a dip during the summer.
Halifax report shows house price growth increased year on year to October of 9.7% due to improving economic conditions.
House prices in the UK are up 3.9% for the year and homeowners are biased toward fixed rate mortgages ahead of an interest rate rise.