House Prices To Surge Another £50,000 Over Next Five Years

House prices are expected to surge another £50,000 over the next five years, further reducing affordability in the UK property market, according to new forecasts. Estate agent Savills predicts house prices will jump nine per cent this year, driven by the extended stamp duty holiday and prospective buyers rushing to purchase larger homes with gardens. The firm also expects an increase of 3.2 per cent next year, and an accumulative 21.5 per cent by the end of 2025. Lower interest rates, an increase in the supply of high loan-to-value mortgages and high levels of savings built up during the pandemic are expected to keep demand elevated. Read more on the City AM website.

https://www.cityam.com/house-prices-to-surge-another-50000-over-next-five-years/