Property vendors are set to benefit from a huge rise in house values. Savills originally predicted a 26% rise in house prices by 2018 (ThisisMoney.co.uk, October 2014). This has been supported by a forecast published by Rightmove and independent consultancy Oxford Economics. This forecast indicates house prices will rise 30% in five years (according to the Guardian).

Predictions in the property market can be overenthusiastic at times, however Rightmove and Oxford Economics’ prediction offers a more thought-out approach. By including factors such as; a limited supply of new homes, a recovery in income and a growing population, this forecast employs a calculated method. The inclusion of analytics from the Oxford Economics forecasting model offers a more reliable basis.

Such a leap in cost would deem it appropriate to purchase property now, in order to maximise a return in five years. The forecast identified Southampton (42.9%), Luton (41%) and Brighton (40.6%) as the locations with the highest margin for growth.