Buying property is one of the best ways of investing money, but just how profitable will your investment be in 2030?
According to estate agents eMoov, house prices will have increased significantly by the year 2030 with the average price of a home in England worth over £450,000. In London, the average house is predicted to be worth over £1 million. These calculations are based on the house price increases over the past 15 years (a huge 84%) and have been applied to the next 15 years.
An eMoov spokesperson said:
“This map highlights just how dangerous this current artificial inflation of the market could be in the long run, it's not just London that will become beyond the reach of the average UK homebuyer, the issue will spread the length and breadth of England, Scotland and Wales.”
To find out more about the consequences of the potential property price increase and how much your property could be worth, read the full story on This is Money.
