House prices set to soar 24 per cent in five years

[Martin@AS Financial]

Seems like quite a sensationalist claim but there are a few interesting points made:

House prices set to increase 24% in five years | News | Mortgage Strategy

[sasguru]

If that's the case , my net worth will increase by north of £350K in the next 5 years.
Just sitting at home.
Not worth working really.

[KentPhilip]

If that's the case , my net worth will increase by north of £350K in the next 5 years.
Just sitting at home.
Not worth working really.

Alternatively property prices will crash, and your house will become worth the same as your post count: £28,905

[tomtomagain]

From my rough calculation that would imply an annual increase of about 4.6% given the effects of compounding.

With inflation running at 2.2% per year that's a real-terms increase of 2.4% PA.

So would actually give a real-terms increase of about 12% over the 5 years.

Whooopy-do.

( Here's my maths .... I'm sure someone can correct it )


Starting Price Interest Rate
£1,000 4.60%

Year 1 £1,046
Year 2 £1,094
Year 3 £1,144
Year 4 £1,197
Year 5 £1,252

[scooterscot]

Meanwhile London prices will increase by 60%.

[SantaClaus]

Seems like quite a sensationalist claim but there are a few interesting points made:

House prices set to increase 24% in five years | News | Mortgage Strategy

Hmmm, Mortgage Strategy magazine. No vested interests there then

[No2politics]

Predictions are hard to make, especially about the future!

[Lockhouse]

What my house is worth is irrelevant to me as long as the downsize equation;

Large old house = Nice flat + foreign bolthole + quids in the bank

remains true.

[AtW]

If that's the case , my net worth will increase by north of £350K in the next 5 years. Just sitting at home. Not worth working really.

Your houses net worth will be much higher if you are not sitting in it

[SueEllen]

Your houses net worth will be much higher if you are not sitting in it

Sorry I'm thinking of the children.....