Wednesday, December 31, 2014
HOUSE prices are set to soar next year with the introduction of new rules allowing people to invest
Analysts predict home values will rise to almost Ã‚Â£190,000 in 2015, adding more than Ã‚Â£12,000 to the price of the average home. Experts claim the rule change could see as much as Ã‚Â£5billion injected into the property market by people cashing in their savings. From April, the legal requirement to buy an annuity with pension savings on retirement will be lifted and many people are expected to instead purchase properties that they will rent out to provide an income in old age.