2012: A Final Thought from Chesterton Humberts

The last of the large agencies with anything like a research department, Chesterton Humberts, has given its prediction for 2012 - and it goes for a largely static year ahead before price rises and something like ‘recovery’ from 2013 onwards.

Chesterton Humberts is another agency with a huge southern English bias in terms of its offices - although there is a branch in York and a handful around the Midlands and East Anglia, its activities are concentrated very heavily in London and the south. So its ‘national’ forecast is for England only and says there will be neither a rise nor fall next year.

Every constituent region shows a rise or fall of no more than 0.3% in prices, scarcely measurable, with rises across England of an average of 4.7% in 2013, 3.3% in 2014 and 4.2% in 2015 - certainly well below the current level of inflation.

Nick Barnes, head of Chesterton Humberts’ research department and formerly of Knight Frank, says average house prices in England now are “around 11.5% lower than their November 2007 levels”.

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