Private landlords considering buying new property in the coming years may be interested to hear the latest forecast by the National Housing Federation (NHF).

According to the group, the average price of property in the UK is set to be £38,000 higher in 2014, compared to the end of this year.

NHF predictions indicate that the cost of housing will drop next year, but increase 1.1, 7.5, 8.4 and 6.8 per cent in 2011, 2012, 2013 and 2014 respectively.

This will apparently occur after this year ends with the average price of property standing at £189,800.

Recent Nationwide Building Society research suggested that the average home cost £158,871 in July.

Meanwhile, private landlords in the east of England are set to be to awarded grants to renovate properties in the UK.

Funded by the East of England Regional Assembly, the initiative has been established to try and bring empty homes back on to the rental market.

Written by Claire Doyle
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