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UK House prices predicted to rise by 6% says Barclays

Despite the recent slowdown in house price growth across many parts of the UK, particularly south...

Despite the recent slowdown in house price growth across many parts of the UK, particularly south of England, Barclays bank has forecast that home prices offer plenty of room for growth moving forward.

The bank estimate that the average price of a house or flat in the UK will increase by 6.1%by 2021, fuelled in part by greater activity among buy-to-let investors and high net worth individuals. 

Barclays predict that property hotspot will emerge in the north of England thanks to employment opportunities and business star-up rates, but it ultimately expects to see price growth in London lead the way.

Barclays projects that the average price of a home in London will rise by 11.88% by 2021, followed by the East of England with growth of 9.38%the south east up by 8.74%the east jump by 5.88% The south west, north east, north west Yorkshire, Humber, Northern Ireland and wales are also expected to see home prices increase, albeit at reduced rate of 5.31% 5.31% 4.01% and 3.6% 3.04% and 2.88% respectively.

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