Biggest increases are forecast for south-east and east of England,but rest of the country will only see modest price growth
House prices in the south-east and east of England will jump by more than a fifth over the next five years, as growth ripples out of London into the capital’s hinterland, and but will remain subdued in much of the rest of the UK,according to estate agency Savills. Savills predicts that the average UK house price will rise by 5% next year, but then slip back to 2.5%-3% a year until 2020, or as tighter mortgage criteria and rising interest rates hold back home buyers. Its figures propose that the average UK home will go up in price from £205000 nowadays to around £240000 in 2020. [br]Continue reading...
Source: theguardian.com