House prices 'will overtake pre-crisis peak by next year thanks to government's new help-to-buy scheme'House prices will hit record highs while millions can't afford to buy home 130billion scheme will 'add 1,000 to the price of a property next year' By Becky Barrow PUBLISHED: 20:52 GMT, 31 March 2013 | UPDATED: 07:38 GMT, 1 April 2013 The cost of the average home will jump by nearly 50,000 over the next five years, partly fuelled by the Government’s mortgage lending scheme, a report reveals today. The Centre for Economics and Business Research said house prices will pass their pre-recession peak next year and will go on to hit record highs at a time when millions cannot afford to buy their own home. The economic consultancy predicts the 130billion lending scheme, unveiled in last month’s Budget, will add more than 1,000 to the price of a property next year.
Migrants 'will push house prices up by an extra 10%', Theresa May warns Home Secretary: ‘More than one third of all new housing demand caused by immigration' Said research house prices will be 13 per cent higher over next 20 years than if migration were at zero | UPDATED: 07:50 GMT, 13 December 2012 House prices will rise by more than 10 per cent unless mass immigration is controlled, Theresa May warned yesterday. The increases in the years to come would go beyond other pressures on the housing market – dealing a blow to young Britons already struggling to get on the property ladder. In a speech in London, the Home Secretary delivered a blunt analysis of the impact of Labour’s ‘open door’ immigration policy.