UK house prices to hit new all-time high in 2015

Julia Kollewe
House prices
House prices

UK house prices are set to hit a new all-time high in 2015, the Centre for Economics and Business Research predicts.

The think tank says prices will climb by 14% over the next 4 1/2 years - slightly less than the 16% growth it forecast in May. A typical home will be worth more than £200,000 by 2015, up from £176,000 at the moment.