House Pricing in UK 2015

May 18, 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

Breaking News

Breaking Property News 13/2/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   96% of proptechs fail to get to series A funding – here is why Thought Leadership by Andrew Stanton, CEO Proptech-PR The proptech sector has never been short of ideas. From AI-driven valuations and digital conveyancing to smart buildings and tokenised real estate, innovation in property…
Read More →
Breaking News

Landlords unprepared for the Renters’ Rights Act

Three quarters have made no preparations for the end of Section 21, despite major reforms taking effect from May 2026 New research from Inventory Base has revealed widespread lack of preparedness among UK landlords ahead of the first phase of reforms under the Renters’ Rights Act (RRA), due to come into force on 1 May…
Read More →
Breaking News

Why capital is staying in London despite a cooling housing market

By Joe Freedman, Head of Origination at ASK Partners London isn’t suffering from a lack of housing demand. It’s suffering from a failure to deliver. New data from Molior underlines the scale of that failure. Just 5,547 private homes broke ground across the capital last year, an 84% drop from a decade ago. Against an…
Read More →
Breaking News

The hidden risk of overvaluing your home when moving in today’s market

With many homeowners turning ambitious conversations into tangible moving plans, the start of the year traditionally marks a surge in activity, particularly for families planning for the future. While the property market remains fundamentally healthy, experts at Beresfords say overvaluing property is one issue that continues to undermine the progress of those looking to sell.…
Read More →
Rightmove logo
Breaking News

Rightmove launches next phase of AI-powered property search

Rightmove, the UK’s largest property platform, has launched a beta version of AI-powered conversational property search, as it continues to enhance its property search experience. In close collaboration with Google Cloud and built with Google’s Gemini models, conversational search is available via the property search bar on Rightmove’s website homepage. The latest move further expands…
Read More →
Breaking News

Should you break things off with your mortgage lender this Valentine’s Day?

As Valentine’s Day approaches, the latest research from award-winning mortgage adviser, Alexander Hall, has revealed that more than half of homeowners approaching the end of a fixed-rate mortgage are currently undecided on their relationship with their lender, despite notable improvements across the mortgage market over the last 12 months. The consumer insight, commissioned by Alexander…
Read More →