UK housing market: Here’s what you can expect in the next 5 years.

House prices are heading for a boom in the next 5 years with prices set to rise by £50,000 in certain areas of the UK.

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House price values across the country are set to rise by 13 percent by the end of 2021 from £214,000 to £241,900.

Home owners in the south east of UK are in for a massive gain with a forecast rise of £53,200 from their current value of £313,000 to £366,200.

Although forecast rises are lower comparatively to the prices of the country during the last 5 years from 2011 to 2016, house prices across the UK rose £47,900.

Which is notably the highest percentage increase in house prices in the east.

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Reference:

http://www.express.co.uk/finance/personalfinance/728932/UK-house-price-booms-five-years

 

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