House Pricing in UK 2015

How house pricing is managed in UK ??

The average London home will cost more than 1 million English pounds  by 2030, according to new analysis as strong jobs growth and a chronic housing shortage keeps pushing up prices, strong growth population and higher employment combined with a shortage of housing would lead house prices above £1m by 2030,which is double the current average of £490,000

What is the best place in London to buy from ??

Oxford Economics said if the rapid rise in population growth coincided with “an increasing divergence between those with high and low incomes, then it will mean affordability problems for people on low incomes. Of course a lot will depend on the rate of house building.” and at some point the market experts related their forecast for London’s population and employment  will revise upwards.

Growth in London is expected to continue to outpace European rivals including Paris and Frankfurt, with investments in infrastructure from the private and public sector expected to boost growth “for many years to come”.

Conclusion

Employment in London is expected to grow slightly faster than official projections suggests, While employment growth in the capital expected to slow down to an average of just below 1 pc a year to 2030, compared with an average of 1.5 pc between 1991 and 2015,.This equates to an additional 800,000 jobs, compared to a rise of over one million jobs in the 2000-2015 period.

References :http://www.telegraph.co.uk/

Alex Evans

You May Also Enjoy

Home and Living

Best Budget Smartphones Under $200

In the rapidly advancing digital era, it’s no longer a luxury but a necessity to have a smartphone. Not everyone however needs or is able to pay hundreds of dollars for an expensive device. The good news is that there are numerous budget smartphones under $200 that provide great performance, decent cameras, and a long…
Read More
Rightmove logo
Breaking News

Ten years on: More first-time buyers moving to cities while the coast stands still

New ten-year analysis of the property market shows that more first-time buyers are looking to move to cities, while the coast has seen no growth in new buyers First-time buyer demand to move to Great Britain’s 50 largest cities (excluding London) is up by 16% on average over the last ten years, with Dundee topping…
Read More
Breaking News

Homeowners in England and Wales overvalue their properties by an average of 16%

Homeowners in England and Wales are overestimating the value of their property by an average of 16%, according to new figures. Data from Quick Move Now compares homeowner estimates with formal estate agent valuations and is broken down by both region and property type. Overall, homeowners overvalue in every single category.   Regional breakdown Region…
Read More
Visual blemishes on Roads due to service upgrades
Estate Agent Talk

Emergency Sidewalk Repairs: When to Act and Who to Call

Sidewalks are the unsung heroes of city infrastructure—quietly assisting tens of millions of footsteps every day. But when they crack, disintegrate, or shift all of sudden, they might quickly turn out to be volatile liabilities. In a town like New York, in which pedestrian site visitors are constant and belongings proprietors are legally chargeable for…
Read More
Breaking News

Reapit report reveals agents’ long-term market confidence amid legislative challenges

Despite the significant challenges posed by a shifting economic landscape and the largest wave of housing legislation in decades, estate and letting agents remain steadfast in their confidence about their long-term future in the industry. According to the first Reapit Property Outlook Report 2025, covering the full breadth of sales and lettings agency opinion countrywide,…
Read More
Breaking News

Owner-Occupiers Drive Resilient Commercial Property Market

Buying Becomes 37% Cheaper Than Renting The latest Commercial Property Demand Index from specialist property finance expert, Rangewell, reveals that while investor appetite across the sector held steady in Q2, strong levels of owner-occupied commercial mortgage activity are helping drive market performance, as business owners increasingly move from renting to buying their long-term premises for…
Read More