Are house prices going to contnue to rise so fast?

[summerdip]

The million dollar question I know but first-time buyers property just seems to be rocketing and seems a bit unreal. What do you think?

From what I've read yes. I think expected to have risen 10% by 2015 was what I've read....though no idea how accurate that figure is.

Bank of England have strongly hinted that they'll start to raise interest rates in 2015 so will be interesting to see what effect that has on prices.

I own half a house that I was hoping to buy the other half of. Six months ago I could have afforded it, now I don't think I can. And by the time we get probate sorted I bet I won't be able to.

Beats me. I have given up even trying to guess any more.

It depends what you mean by "fast".

House prices are (IMO) only likely to rise in the long-term and if you're looking now you certainly shouldn't expect to see prices fall in the foreseeable future.