Tuesday, 9 August 2016

Average Home Price Set To Rise By £40,000 In 5 Years

The price of a home will be about £40,000 higher in five years’ time, even though prices are expected to slow in the wake of the Brexit vote. The Centre for Economics and Business Research (Cebr) said house prices will rise by 5.7 per cent this year, but growth will fall to 2.2 per cent next year. Earlier this year, annual house price growth across the UK was running as high as 8 per cent. Taking into account the Cebr’s projections, the average house price in Britain could increase from £194,000 in 2016 to £234,000 in 2021 – a rise of £40,000. Read more on the iNews website.

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