John D Wood & Co.’s latest House Price Expectation survey, conducted with the inestimable help of the LSE’s Dr Philippe Bracke, shows a pretty positive outlook for house prices over the next one-to-five years. Not wildly positive, but positive nonetheless.
The literally graphic consensus among the 759 JDW current and prospective customers who responded to the biannual survey is that prices will go up a bit (1.67%) in the next year, but not as much as inflation (2.75%); house prices will, say the group, rise by 8.23% by 2018 (with inflation +3.81%).
The Open Comment section of the survey returned some quite interesting feedback, with “bubble” cropping up over and over again. London’s market is a bubble, say the cohort, and Help to Buy will create one. Here are a few of the most repeated themes: