The prediction by The Centre of Economic and Business Research has taken into consideration low interest rates, cheap mortgages and short property supply. If this calculation is correct house prices could rise by almost 20% over the next three years.

Gareth Robinson, CEO of SmartShare said: "This is great news for the affordable homes market. There are many people aspiring to get onto the property ladder and these latest figures show there is a renewed confidence."

For the largest selection of affordable homes including shared ownership and part rent part buy from the top housing associations, go to www.smartshare.co.uk