House prices will leap more than £50,000 higher by 2021
on average despite Brexit uncertainty, economists predict. The average UK house
price across the whole of 2017 will be £220,000, marking a £9,000 increase compared
with 2016, according to the Centre for Economics and Business Research (Cebr).
By 2021, the average home is set to be worth around £272,000, its report
predicts - a £52,000 increase compared with 2017. Cebr expects property values
to climb at a slower pace over the next couple of years as Brexit negotiations
progress, with annual increases below 5%. This compares with a 7.5%
year-on-year increase in house prices recorded in 2016. Read more on the AOL
website.
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