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As we approach the end of one year and the beginning of the next it only seems appropriate to offer some sort of reflection on how the property market has fared over the last 12 months - alongside, of course, an overview of what we can expect to see happen over the next 12 to come. So here it is

Firstly (although we all know it already) I feel I have to say it - what a year 2014 has been. It has been a wild rollercoaster ride I think I can safely say has been a thrill for all on board.

To take you back to this time last year, we were tentatively dipping our toes into the largely untouched pool of Help to Buy (H2B).

After some initial doubt - and the subsequent introduction of new legislation designed to temper the potential H2B wave some claimed to have spotted on the horizon - we are now happily drifting down the serene river of steady housing growth, cocktail in hand. The sun is shining once again in the property world.

So where will this river be taking us in 2015 What is the end destination I should perhaps point out first and foremost that the beauty of the UK property market is that there is no end destination, as such. It is constantly evolving and it is this ebb and flow which makes it one of the most exciting and profitable of its kind anywhere in the world.

The good news about next year is that people across the UK will continue to get their slice of the property pie - and to eat it too.

Those offering a conservative estimate for growth in 2015, estimate prices will increase at a rate of 5%. A more bullish estimate is as much 6.5%. Either way - not too shabby!

And it doesn't stop there. Despite the threat of the ever imminent increase to interest rates, forecasts predict that over the next five years prices are due to grow by between 20 and 30%, depending on the area.

While this may make it a little harder for those hoping to jump on to the property ladder, it is, all in all, a sign of great things to come. Bring on 2015

*Eddie Goldsmith is Chairman of the Conveyancing Association and Senior Partner at Goldsmith Williams

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