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Average House Prices across the UK in 2030 Projected to Increase to Nearly Half a Million

By 2030, the average price of a house in England could be as much as £457,433, according to recent projection figures.

By 2030, the average price of a house in England could be as much as £457,433, according to recent projection figures.

Online estate agent Emoov has released their latest research, mapping the projected average house prices for 2030 across the UK to estimate the growth of the property market. The research found that the average UK property could be valued at £457,433 in 14 years' time – a 140% increase from the average house price recorded by the Land Registry this past March of £189,901.


The figures were obtained by observing the house price increase between 2000 and 2015, which saw properties increase in value by 84%, and by applying this rate to today's average property price in order to project the average house price in 2030 across the UK's regions and boroughs.


The highest average house price in 2030 is expected to be in London, where the supply of property is likely to fall increasingly short of its rapidly rising population, and is projected to exceed £1 million.


According to Emoov’s figures, 12 counties across the UK are also projected to see average home values rise above half a million including Kent, Surrey, Berkshire, Rutland, Dorset and West and East Sussex.


Whilst many areas in the UK are expected to see substantial growth, regional projections have found that a number of locations in the UK will see average property prices remain below £280,000. Merseyside is projected to see an average property value of £275,074, East Riding in Yorkshire will see house prices rise to an average of £277,411 and Durham is expected to reach £279,985 on average by 2030.


Although Emoov’s research highlights the difficulty that first-time home buyers increasingly encounter to get onto the property ladder, it portrays a positive outlook for those investing in the sector – as higher property values could correspond to more generous capital gains.

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