Britain's house price hotspots and notspots in 2030
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The future of Britain's housing market
New research by estate agent eMoov has found property prices have increased by 84% from 2000 to 2015. And it's forecast what prices would look like if they rose at the same rate over the next 15 years. So here are the 10 most expensive and 10 cheapest parts of Britain in 2030, and how much the average property would cost in each, starting with the priciest areas.
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10th most expensive: Cambridgeshire £547,985
With potential asking prices of £547,985, Cambridgeshire houses of the future will in fact be double the current average house price in the UK! Other than London, 12 counties across England will see average house prices rise over £500,000.
9th most expensive: Hampshire £553,073
Hampshire is in ninth place with a projected average price of £553,073.
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8th most expensive: East Sussex £556,604
East Sussex has a projected average house price of £556,604.
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7th most expensive: West Sussex £604,155
Meanwhile, neighbouring West Sussex is over the £600,000 mark for its average home.
6th most expensive: Berkshire £660,687
If you'd like to be the proud owner of a home in the Royal County in 2030, the average asking price will be £660,687.
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5th most expensive: Buckinghamshire £673,674
Another region perfect for commuting into the English capital is Buckinghamshire. As it borders Greater London, it's no surprise the average house price in 2030 could set you back a whopping £673,674.
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4th most expensive: Oxfordshire £693,623
Buyers hoping to live in Oxfordshire in 2030 are looking at splashing out £693,623 for an average home.
3rd most expensive: Hertfordshire £757,357
Hertfordshire has been estimated to almost double its current average in 2030 at £757,357, up from £411,607.
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2nd most expensive: Surrey £919,643
The picturesque commuter county of Surrey ranks at a very close second behind the most expensive region, with the average home forecast to cost an eye-watering £919,643.
Most expensive: London £1,076,960
If the London market continues to grow at the same pace as it is now, the average home could cost over a million by 2030. If you’d like to be living in the capital, eMoov suggests buying in Barking and Dagenham – but in 2030 it won’t be so affordable at £450,000 compared to £246,000 today. But don't get your hopes up for South Kensington and Chelsea, as house prices are expected to cost around £3.4 million!
10th cheapest: Caerphilly £250,715
Working our way down the list into the cheaper properties of the future we have Caerphilly in South Wales coming in as the tenth cheapest region. The average property price is forecast to be £250,715, and being so close to the Welsh capital it makes a great commuting base.
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9th cheapest: Clackmannanshire £244,194
The first Scottish area on our list is the central region of Clackmannanshire. eMoov has predicted the average house price in the historic county will cost buyers £244,194. In 2030, average house prices in Scotland are expected to be the cheapest of the three British countries at £297,222.
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8th cheapest: South Lanarkshire £238,626
Next we travel a little further south to the county of South Lanarkshire in central Scotland, where house prices are predicted to average £238,626 in 2030.
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7th cheapest: Falkirk £232,572
In the Central Lowlands area of Scotland we have Falkirk which ranks very closely to South Lanarkshire for future house prices. With houses expected to cost £232,572, the properties will be tens of thousands of pounds cheaper than the projected £297,222 overall average house price for Scotland.
Joint 6th cheapest: North Ayrshire £221,372
In joint sixth place we have two neighbouring areas in west Scotland. Homebuyers hoping to move to the coastal region of North Ayrshire will face an estimated average price tag of £221,372.
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Joint 6th cheapest: East Ayrshire £221,372
And the neighbouring inland region of East Ayrshire will also have an average house price of £221,372.
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4th cheapest: Rhondda Cynon Taf £221,146
In 2030, the average house price in Wales is predicted to spike to £307,712, which means the prediction for properties in Rhondda Cynon Taf costing £221,146 falls well below the Welsh average. On average Welsh properties will be £150,000 cheaper than English homes.
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3rd cheapest: Neath Port Talbot £216,034
The third cheapest location on the list is the region of Neath Port Talbot in south-west Wales. A property not too far from the Loughor Estuary will set homebuyers back £216,034.
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2nd cheapest: North Lanarkshire £200,600
At £200,600, North Lanarkshire offers the best value for Scottish buyers in 2030, falling almost £100,000 below the country's average asking price of £297,222. That's £233,000 cheaper than the estimated price of properties in Edinburgh, which will cost an average of £400,000.
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Cheapest: Merthyr Tydfil £178,745
Merthyr Tydfil in Southern Wales is forecast to be the cheapest region to live in Britain in 2030. With average house prices expected to cost £178,745 it falls substantially below the Welsh house price average of £307,712.