2006-06-29 10:11:53 · 6 answers · asked by miss moo 2 in Business & Finance ➔ Renting & Real Estate
Hi there
That is a tough question, no one can give you an exact and correct answer.
House price inflation has and will continue to fluctuate, the future increases are always a matter of debate.
You need to consider local factors, such as will there be any new infrastructure enhancements - positive or negative - that will affect local prices?
Taking a personal view i would see house price inflation slowing through this year and next, close to zero in years 3 and 4, and then starting to pick up again.
If we assume 5% this year, 3% in yr 2, 1% in yr 3 and 4, 5% in yr 5, then the total increase would be about 16%, e.g. the house would be worth about £116,000.
As I say, this is a personal view, and you also need to take account of local factors as mentioned above.
I hope this helps.
2006-06-30 00:55:04 · answer #1 · answered by Anonymous · 8⤊ 3⤋
what is the rate of property price increase at present, base it on that, over the 5 year projection, deduct 5% from that figure, meantime should there be a slump then you may find it is worth less by then, but it is a good period of time to allow for a profit.
2006-06-29 17:17:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That depends where it is. City centre - £200,000. Outskirts - not much more than you paid for it.
2006-06-29 17:22:00 · answer #3 · answered by R.I.P. 4 · 0⤊ 0⤋
It will be worth exactly 324,701 euros.
2006-06-29 17:15:22 · answer #4 · answered by wild_eep 6 · 0⤊ 0⤋
depends if or when the crash happens.
2006-06-29 17:16:30 · answer #5 · answered by fieldmouse 3 · 0⤊ 0⤋
£112.950
2006-06-29 17:30:06 · answer #6 · answered by Curious77 4 · 0⤊ 0⤋