UK expected to see house price surge in 2017

House prices across the UK are expected to increase by 2.2 per cent this year, representing a rise of around £4,460, on average. This means that the average property could be worth £210,000 before the start of 2018, according to a new forecast.

The forecast suggests that the London property market will pick up pace, with growth set to reach 1.3 per cent this year. If this happens, it will reverse the city’s house price fall over the 12 months to February that was reported by the Royal Institute of Chartered Surveyors (RICS).

Call Bowson Estates to get your property sold in 2017 on 0191 2128100 ext 1.