Property prices across UK will rise by 6.2% by 2021

nowUK property prices will rise by 6.2% in the next five years. London is set to see prices rise the most with growth of 11.89% by 2021, followed by the East of England with growth of 9.39%, the South East up by 8.75% and the East Midlands up 6.68%. Scotland and the West Midlands are both projected to see price rise by 5.88%. Overall, the UK property market remains buoyant with prices set to rise by an average of 6.1% by 2021 with high employment rates and an increase in rates of average earnings contributing to rising property prices across the country.

Dena Brumpton, chief executive officer of Wealth and Investments at Barclays: “It is encouraging to see that property is still viewed as an important part of the investment portfolio with high net worth investors typically owning three properties and over a quarter planning to buy property because they believe that it offers long term investment security, There is also increasing confidence among property investors, as many are taking a long-term view when it comes to putting money into property. It’s also interesting to see from our research how investment prospects are emerging outside of the established property heartland of London and the South of England, with economic growth and employment opportunity fuelling growth in hotspots across the UK.”

Leave a reply

Your email address will not be published.

Back to home page