The cost of housing is predicted to tighten its squeeze
on the nation’s wallets over the next decade, with house prices rocketing 50%
and rents soaring by a quarter. This massive rise in the cost of buying a home
is expected to drive even more people into the rental market as the property
ladder rises ever further from reach, unless there is an “immediate” and
“drastic” overhaul of policy, according to the Association of Residential
Lettings Agents (ARLA) and the National Association of Estate Agents (NAEA),
which produced the report. With the average house price currently around
£280,000, the Housing 2025 report predicts house prices will increase by half
(50%) their current value by 2025 – reaching an average price of £419,000. Read
more on the Housing Excellence website.
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