House prices set to soar

House prices in the South East are expected to soar over the next decade.

House prices up by two thirds

Houses
Credit: ITV Meridian

House prices in the Meridian Region will rise by almost two thirds in the next decade - the steepest rise in the country. A new report from the National Housing Federation says they'll soar by sixty one per cent by 2022 - bringing the average house price from £285, 000 to over £458, 000.

The paper blames years of not building enough homes for the rise.