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UK House Prices Predicted to Rise 14 Percent by 2015
12/09/2011
The Centre for Economics and Business Research recently reported that the average price of a house will rise by 14% over the next 4 years. By 2015, the predicted price of a typical house will be more than £200,000, up by £24,000.
This will be a relief to homeowners who saw the price of their houses fall significantly during the recession.
The reason for this increase in value is down to the lack of homes for sale.
With the current low interest rates unlikely to rise over the next 2 years, mortgages will continue to be at a reduced cost for millions.
Homeowners aged over 55 years who are considering raising equity from their homes and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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