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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