Tuesday, 23 July 2013

UK House Prices Set to Rise by 18% in Next Five Years

File:Houses in Burgate - geograph.org.uk - 189330.jpg
As published by The Independent - it's lately been reported that by the end of 2017, the average house price in the UK will have risen by 18.1%

Fulled by stimulus measures, low interest rates and a high demand, it is likely that there is room to see an element of price growth over the next five years.

In addition, the council of mortgage lenders attributes an increased trust in mortgages, banks and lending providers to the increase in people looking and purchasing mortgages. The Help to Buy scheme has enabled home ownership with in some cases less than a 5% mortgage - and has enabled more people to get on the latter earlier in life.

At the current rate, house prices in 2015 will overtake the UK's house price peak in 2007, although of course it depends on regional and local variation.

If you are investing in property, it's also good news for people looking to enter to let a property or invest in it for the future. Ducat Law have an interesting article on their site for this in which they guide you through the buy to let process. Check it out at the link below.


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