Private landlords waiting for the right time to add to their portfolios may be interested to hear the latest property price predictions from the Centre for Economics and Business Research (CEBR).

The group has revealed that between the end of this year and December 2010, the value of housing in the UK could grow by two per cent.

CEBR research indicates that the average cost of a property at the end of 2009 will be £152,000, while this is expected to rise to £155,000 in 2010, £161,000 in 2011 and £163,000 in 2012.

Economist at CEBR Benjamin Williamson said: "Our view is that the extent of house price falls already seen means further significant falls are unlikely."

This research comes a week on from the National Housing Federation's property price predictions.

According to the organisation, the average home in England will be worth £227,800 by 2014.

Written by John Weeks

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