Fu­ture looks un­af­ford­able

Yorkshire Post - Property - - PROPERTY NEWS -

CON­CERNS: If house prices across Eng­land were to in­crease by 29 per cent over the next decade, as they have done since 2007, it would bring av­er­age value up to £301,864, say eMoov. Lon­don’s av­er­age house price could jump to £866,719. In the last 20 years, the av­er­age house price in Eng­land has in­creased by 320 per cent. eMoov’s Rus­sell Quirk says: “This re­search high­lights the near im­pos­si­ble task faced by the next gen­er­a­tion of as­pi­ra­tional buy­ers and acts as a warn­ing to the gov­ern­ment should they fail to ad­dress the cur­rent lack of prop­erty avail­able, which is see­ing prices once again reach dan­ger­ously in­flated lev­els.”

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