Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) together with the Centre for Economics and Business Research (Cebr) have released a report Housing 2025 after analysing home ownership issues facing the UK property market over the next 10 years.
The results which include predictions that rents are likely to increase at a higher rate than previously expected, and first time buyers will face more of a struggle than ever before, include predictions that house prices will increase by 50% of their current value by 2025 — reaching an average price of £419,000, with average prices in the capital nearly doubling in the next decade.
Read the full report here: Housing 2025 (*pdf)