Average prices predicted to hit £300k by 2025

21st July 2017

A report from PwC forecasts that average UK house prices could reach £302,000 by 2025, up from last year’s £212,000. The report suggests average prices will climb by 3.7% this year, hitting £220,000, with a similar rate of growth taking average values to £228,000 in 2018. The study offers a focus on the London market saying economic and political uncertainty – coupled with stamp duty reforms – have hit the capital. It notes that the first four months of 2017 saw house price inflation of around 4% in London, down on the 13% seen in the same period of 2016. PwC forecasts that average prices for London homes will climb 2.8% this year and 3.8% in 2018.  

The Guardian (17/07/2017)