22 Apr

House prices set to soar

 House prices set to soar

As the UK economy stutters back into life the outlook looks bright for those owning or aspiring to own their own home with yearly increases of £9,000.

And in a double boost, mortgage rates have hit record lows as the high street feels the effects of action to breathe life into a previously stagnating housing market.

The positive picture comes in a top-level report by the respected Centre for Economics and Business Research. Experts said the average UK home would be worth £267,000 by 2018 - up from today’s £222,000.

The boom equates to a £25-a-day - or £750-a-month - increase in value and proves action is working to drag the housing market out of the doldrums.

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