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Forecasters predict that the average house price in Britain will increase by 23.4%, or £84,000, over the next five years, with Savills projecting a rise to £442,000 from £358,000 by 2029. They anticipate a 4% increase, or £14,500, in house prices next year alone, based on data from Oxford Economics and Nationwide Building Society. The predictions cover mainstream house prices and include second-hand properties, with potential variations in new-build prices across regions like the North West and North East.
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