Average house prices in England are set to rise by 25% by 2013, a National Housing Federation report says.
It sees prices falling 4.4% in 2008, 2.1% lower in 2009, recovering by 2010 and rising at over 9% in 2012 and 2013.
People living for longer, delaying marriage and getting divorced more were all adding to demand for homes.
While there are questions over how accurate five-year forecasts can be, there is a general concern that new homes being built will not meet demand.
"As soon as the economic outlook improves, house prices will resume their previous upward trajectory," said the Federation's chief executive David Orr.