A “highly positive view of London house prices
The Housing Report 2025, compiled by the National Association of Estate Agents together with the Centre for Economics and Business Research, offers a highly positive view of the London housing market.
69% growth in average prices
Average prices are predicted to rise significantly over the next 10 years, great news for both home owners and investors who will benefit from the forecasted capital growth. The report anticipates a 68% increase from £550,956 in 2015 to £930,719 in 2025.
Released at the end of 2015, the publication also looks at weekly average rent figures over the next decade. Rental figures are expected to rise to £313.70 by 2025 from £226.80 in 2014, meaning tenants in the capital will be paying more than twice the amount of those in other UK regions.
Safety in numbers
The figures highlight the latest my-term security of investments in the London property market. And as prices continue to increase, surrounding commuter areas will also start to benefit from regeneration as affordability ripples outward.
This effect is already being seen in areas such as Croydon and Sutton, which are experiencing the positive effects. Greater London and the South East in general have seen a sharp increase in house prices in the last year – and the momentum looks set to continue.
An Inspired model
Inspired Homes supports buyers looking to get on the property ladder by developing high quality housing at an affordable price in key areas in Greater London and the commuter belt. We strongly believe that now more than ever is the time to continue designing and delivering new models for customer-oriented home-building and professional rental accommodation. For renters, buyers and investors alike.