House prices will rise by more than a third in six years

If you thought the current housing market was heated, it’s set to get a lot worse by 2020.

A study by PwC said UK house prices are likely to go up by 35% in the next six years, while average London prices will reach half a million pounds by the end of this year.

The UK average house price will be £328,000 by 2020.

“The UK housing market has leapt back into life. Prices across all regions are accelerating in stark contrast to the generally weak picture (at least outside London) seen until 12-18 months ago,” PwC said in its latest economic outlook.

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