House prices are set to rise again in 2008, according to smartnewhomes.com.

The property specialist predicts that the average value of a home will rise between two and four per cent - with a concomitant fall in interest rates further strengthening the hand of homeowners.

Managing director David Bexon added that the recent property slowdown may prompt many Brits to install new features such as double glazing insulation to their homes in a bid to make them stand out in the market.

"Given the upheaval and the slowing of the market over the last two or three years, homeowners may take short term measures such as home improvements and extend their homes," he posited.

Homes in the north of England are also expected to become increasingly popular as excess demand for property in the capital continues to fuel outward migration.

Other organisations predicting a house price rise somewhere in the region of 3.5 per cent include estate agent Savills and the property search resource County Homesearch.

© Adfero Ltd

Author:  Joanne McCabe

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