Prices to rise by a third as country catches up with capital

By 2019 prices will be 30 per cent higher in London and the rest of the UK, it is claimed
By 2019 prices will be 30 per cent higher in London and the rest of the UK, it is claimed
TIMES NEWSPAPERS LTD

House prices across the UK will be 30 per cent higher in five years’ time as the rest of the country starts to catch up with London, experts have predicted.

CBRE, the property adviser, has forecast that the average price of a home in the UK will jump by 12 per cent this year and by 20 per cent in London.

While the pace of growth will start to slow slightly over the next few years, by 2019 prices will still be 30 per cent higher in both London and the rest of the country at £520,000 and £243,000 respectively.

Although growth has generally been lower outside London and the southeast, CBRE expects some element of catch-up from the other UK regions over the medium