30.01.2017 10-year UK property price forecast

30.01.2017 10-year UK property price forecast

A new property price forecast predicts that average house price in London could increase by 80% to £867,000 by 2027, and be almost £3 million 10 years later. The report analysed the Land Registry house price data over the last 20 years. Since 1996 property prices in England increased by 320% from an average of £56,000 in 1997 to £234,000 this year. According to property experts, the lack of affordable housing and a growing population will continue to be the main issue in the housing market for at least the next decade.

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