Reading property prices forecast to increase by 43 per cent by the end of 2020

As reported by Getreading:

Between December 2014 and December 2020 property prices are forecast to increase by 42.7 per cent. At the end of 2014 typical residential price of homes in Reading per square foot was £350, by the end of 2020 that will have increased to £500.

Good news for anyone who already owns a home, however further worrying news for first time buyers looking to purchase in the town in the next few years.

Data provided by Centre for Cities listed Reading in the top 10 most unaffordable places to buy a home in the UK in November last year. Reading was eighth in the chart with the average house costing nine times more than a person’s average salary in the area.