Residential property prices in England could hike to £1

Million by 2037

Prices in England are set to average over £300,000 in the next decade if they increase as much as they have in the last 10 years, new research shows.

In London prices are expected to rise over £800,000 and in the South East of England it would be over £445,000 according to a study noted from an online estate agent eMoov.

The report further states that since the last decade prices in England have increased by 29% and a similar kind of increase expected now and 2027 would see average house values rise to £301,864. In that case, in London prices would rise to 80% to £866,719 and in the South-East price values are expected to rise of 43% to £445.159.

For instance, in the North-West prices would increase to just £158,131 and in the East and West Midlands it would be £205,870 and £183,883.

To read more: http://www.propertywire.com/news/uk/average-house-price-england-reach-close-1-million-2037/

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More homes set to be built to tackle

housing crisis

An immediate need for more housing makes West Berkshire councilors approve planning permission for a 157-home development on land between Newbury and Greenham.

Jeff Beck at a meeting of West Berkshire Council’s western area planning committee proposed approval of the development stated,” if the development goes ahead there will be a considerable gap. It’s been pointed out that we do have a dire need for housing in the area”.

The proposal was brought in after lengthy discussions to ensure the constant maintenance of the land along with the protection of great crested new habitats, which can be found in the area.

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