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House prices in Cheltenham

What will happen to house prices over next 10 years in Cheltenham. How much will they go up or down per year?

Asked on Feb 20 2013, House Prices in Cheltenham | Report content

Answers (1)

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  • Hi John, Given the nature of the property market at the moment, as well as the economy in general, it would be incredibly difficult for anyone to give you a credible accurate prediction for year-by-year increases and falls, as there are many factors which can affect prices at any given time. However, Knight Frank put out a report in January that looked at when different areas of the UK will see prices return to health last seen before the recession. This forecasts that the price of a home in the south-west will see growth back to the peak level seen pre-2008 as early as 2018, so just five years from now. This is quicker than many other areas of the UK which will need to be patient until 2020 and beyond. For the current year you might expect, at the moment, to see house prices increase as a whole. Confidence is up in the first couple of months of the year, with a greater number of buyers around at the moment as well as growing asking prices up and down the country. Many thanks, Scott

    Web reference: http://www.knightfrank.co.uk/news/property-year-in-review...

    Answered on Feb 22 2013, Report content

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