Britain could be in line for another house price boom, fuelled by the ageing population, according to a Bank of England expert.
Professor David Miles has predicted “a rising trajectory for real house prices” in his research paper. His report comes as the average asking price in one exclusive corner of London – the Royal Borough of Kensington and Chelsea – hit £2 million for the first time.
That figure has actually trebled in ten years, with the average asking price in the area being £650,600 a decade ago.
The prospect of a further rise in the price of properties will be a cause for celebration for the homeowners in the United Kingdom – especially those who want to sell house fast.
April 24, 2012 at 2:24 am | Sell House Fast |
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