Quote:
Originally Posted by Blue Player
http://news.bbc.co.uk/1/hi/business/6932304.stm
They are already nearly $1m for London and $800k for the south east.
This is predicted for 5 years time. I brought my house 18 months ago and it has already gained $200k in value.
It would mean that if you owned a house outright you could probably move to Arizona and retire.
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A friend in the UK is buying and revamping houses on a smallish scale and binning almost a mill/year ($2mill) - can see why at that level.
Just sold a UK house last year and amazed at the sale price - almost 500K ($1mill) - maybe it was worth keeping it? *lol*