Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) have worked with the Centre for Economics and Business Research (Cebr) to analyse home ownership issues facing the property market over the next 10 years and the steps that must be taken.

The results which include predictions that rents are likely to increase at a higher rate than previously expected, and first time buyers will face more of a struggle than ever before, include predictions that house prices will increase by 50% of their current value by 2025 – reaching an average price of £419,000, with average prices in the capital nearly doubling in the next decade.