Average house price predicted to be £35,000 higher in five years' time as Brexit angst falls

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THE average house price is predicted to be £35,000 higher in five years’ time as Brexit angst falls, a report says. Savills expects the average price across Britain to lift from £231,000 in 2019 to…

THE average house price is predicted to be £35,000 higher in five years’ time as Brexit angst falls, a report says.

Savills expects the average price across Britain to lift from £231,000 in 2019 to £266,000 in 2024 — with the North out-performing the South.

"Wealth created through jobs in the city tends to migrate south to the outer suburbs and Cheshire villages such as Alderley Edge, Knutsford and Wilmslow. "The popularity of west Cheshire villages such as Tarporley and Malpas also continues to rise, with increasing demand pushing up valuesFaisal Choudhry, Savills head of residential research in Scotland, said: "In Scotland, the key fundamentals of quality of life, good schools and economic growth in the hubs of Edinburgh and Glasgow will drive local markets, but pricing remains key and sellers will have to be pragmatic.

 

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And the rest ! That’s only on a par with inflation

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