Average house price will be £333,000 by 2025

The lender claims by 2025, the typical three bed semi will be a rarity, with housing stock split between smaller more compact dwellings for first time buyers, and a return to Victorian times where generations of families bought together in order to get more space. Increasing levels of divorce and separation mean the trend towards single person households will grow by 2025, it says. And initiatives such as the government’s ‘Homes for All’ policy, will result in homes being smaller and built closer together, with gardens, garages and conservatories all being sacrificed. Andy Gray, head o...