You may or may not have seen the recent report by Rightmove which suggests that prices will increase by up to 30% over the next five years.
A number of the large tabloids followed with this story, but is it true?
If you refer back to my previous post on how prices have changed over the last 10 years you will see that we have been stuck in a range pricewise in the East Anglia location for a very long time.
We have now broken out of this range and I would envisage that we should see prices increase on a steady basis for a number of years.
However, I must caveat that a major global event or crisis could have a very negative effect on the market in these delicate stages of its breakout.
If you would like to discuss how prices could affect your life a long term basis give us a call on 01603 432000 and we will be happy to help.
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