November 1, 2017

Predictions for the UK housing market

House prices in the UK will increase by 56% over the next decade, claims. The average cost of a property in 2027 will reportedly be £346,592.

Property price growth across the UK market has been a talking point since the Brexit vote, and in the UK the average house price has risen on average by just 0.37% a month since the decision to leave the EU. When compared to 0.67% a month on average between June 2015 and 2016 it’s quite a difference. Leading online estate agent has highlighted that even if the market continues with an increase of 0.37% a month, the average UK house would still hit £347,757 over the next decade. That’s an increase of 56% by 2027.