The price of homes in the UK will continue to soar until 2020, with gains over the next five years to be around six percent, according to the Royal Institute of Chartered Surveyors (RICS).

A lack of housing for sale, plus high stamp duty, have meant that some owners are not prepared to move as they are concerned they won’t find a new place. The dearth of housing stock on the market has pushed prices up for everyone looking.

The report says that house prices will rise everywhere over the next five years. This would put the cost of the average London home at £570,000 in 2020.

For more information click on the source below:

Daily Mail

 

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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