The latest figures from the property market are indicating that property prices will continue to surge over the next decade.
Amidst a great deal of concern regarding house prices and Brexit, the news that house prices will continue to grow at a steady rate is sure to be well-received by homeowners.
The statistics suggest that the value of UK property will continue to climb at a rate of 0.37% a month, which will mean by 2027 the average UK house, will be worth £347,757 – an increase of 56% over the next decade.
Rising Prices
Surprisingly, Nottingham has come out on top as the city that is expected to see the most growth, with the average property price expected to have risen by 160% over the next decade. Glasgow and Oxford came second and third with predictions showing that the average property value will go up by 131% and 115%.
Cardiff and Edinburgh are also expected to be swept up in the post-Brexit boom whilst areas that have enjoyed constant growth over the last few years like London and Southampton don’t even make the list.
Bristol, Leeds and Swansea are predicted to see the smallest amount of growth, although they will still see a considerable 58%, 67% and 80% rise in value over the next decade.
Figures from Land Registry
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