CEBR: House prices to jump 16% over four years

According to the Centre for Economics and Business Research (CEBR), the current slide in property prices is close to bottoming out. It calculated that although the average UK house price will be another 1.4% lower by the end of the year, this will be the turning point. The CEBR found that the average cost of a property today is £175,000, but it's expected to rise to £205,643 by 2015. The 4% year-on-year surge is predicted to start at the end of 2011 and carry on until 2015. It would see the average UK house price rise to above the 2007 high of £191,340. Despite the economy re...