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Date Posted:
28-Aug-2013 14:34:32
Outlook for the future

Overall the outlook for the future is positive and forecasters predict continued growth. Analysts at IHS Global Insight predict that house prices will rise by 3% over the rest of 2013 and by 7% in 2014. Grenville Turner, Countrywide’s Chief Executive Officer, is positive about future growth: "All these factors provide positive environment for growth in our sector in the second half of this year and going into 2014."
Growth should also be stimulated by the initiatives which George Osborne announced in the budget. Further schemes have been designed to help people buy houses without saving up a big deposit. The Help to Buy is an extension of the First Buy scheme. However, many feel it will have a more significant effect as it holds fewer restrictions. This scheme supports both existing homeowners and first-time buyers, it is not limited to a certain number of homeowners and is available to properties which cost up to £600,000.
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