JLL Property has forecast that the average property price will have increased by 26.6 per cent by 2020. The predicted surge in house price growth is credited to the south east having better jobs prospects and rising wages.
Housing prices rise in the south east
House prices in the South East are predicted to rise by more than 25 per cent over the next five years according to a new forecast.
Head of residential at JLL Andrew Frost said: "London, as usual, is expected to experience the strongest economic growth over the next five years, averaging 3.4 per cent pa. But the South East and East of England regions are forecast to benefit from GDP growth in excess of 2.5% pa.
"Employment growth forecasts follow a similar regional pattern as do population expectations, which will be particularly significant for London, the South East and East of England.
"All will clearly place additional pressures on UK and regional housing markets."
Last month it was revealed that Thanet's property prices had increased by 8.6 per cent on a year ago.