House prices to double by 2030 says broker
House prices in the UK are set to double between now and 2030, financial broker Tradition Financial Services (TFS) has claimedHouse prices in the UK are set to double between now and 2030, financial broker Tradition Financial Services (TFS) has claimed.
The claim was made in the company's new housing index, showing the likely future curve for house prices in the UK. It also claimed that the average home will be valued at £213,028 by the end of 2012 before rising to £354,435 by December 2030.
The average house in the UK is now worth £183,645. The TFS index is based on the cost of speculative borrowing by banks, used to fund the UK's £1.066 trillion mortgage market. "It is something we think could become a useful economic reference tool," Peter Sceats of TFS told Reuters.
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