CEBR: House prices to rise by 15% in five years | Mail Online
House prices will increase by 15 per cent over the next five years due to a shortage of available properties, according to economists.
The price of the average three-bedroom home will rise by more than £25,000 from £176,184 to £202,068 by 2016.
Despite the economic downturn, a persistent shortage of housing will trigger an upswing in house prices.
And further recent quantitative easing measures - when the Bank Of England injects cash into the economy - should make it easier to get a mortgage.
House prices will rise gradually, by 1.6 per cent next year, before reaching an annual increase of 4.3 per cent in 2016, according to the Centre For Economic And Business Research (CEBR).
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