House prices are going to continue to rise, buying will see an increase of 50% and rent to increase by 25% over the next ten years…
Following on from my recent blog post questioning if there was light at the end of the tunnel for those trying to get on the property ladder – a recent report, predicting the development of the housing market over the next ten years has been released….According to a report House prices and rent will increase significantly by 2025
ARLA – The Association of Residential Letting Agents and The National Association of Estate Agents have been working with the Centre for Economics and Business Research to provide insight and estimate into the housing market and predict big rises – great news for those on the property ladder…not so great.
The increase is higher than expected, which will result in first-time buyers struggling even more so than they do now with an average price of £419,000 and prices in the capital nearly doubling in the next decade.
We all might find ourselves renting a cupboard under the stairs soo.