Have a look at the graph below, which shows the UK House Price Index between 1954 and the second quarter of 2015. There have been a couple of blips in the market–most markedly the early 1990s and 2007/2008-but overall it appears that the market has been on a gently rising curve for more than 60 years.
Last year I also predicted a safe 5% growth so at 8% (Nationwide 7.2% and Halifax 8.5%). I wasn't that far off. In fact, unlike some property experts I’ve been thereabouts every year for the past five years, although I can never claim to have got it right either.
The interesting thing about house price predictions is that most property experts are wrong most of the time and last year was no different. In fact, the more and more I play this game of guessing what house prices are going to do for the coming year the more I realise that it doesn’t matter.