Friday, 25 November 2011

Home prices 'to rise 15% by 2016' | The Sun |News|Sun City

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It is a very interesting idea, that house prices will rise, fifteen percent seems to be very optimistic when it seems that many people are out of work, and that the economy in the UK is really having a hard time. Let's see, this would mean a house, and I guess we are talking averages here, a house at 200,000 would rise to 230,000. Interesting, makes a great headline, but for a first time buyer, this would be another huge chunk of cash to pay off. No wonder banking can be a great business to be in.

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