The Centre for Economics and Business Research has said that houses will increase in value by roughly £40,000 by 2021.
They also forecasted that house price growth in 2016 will reach 5.7%, and will rise a further 2.2% in 2017.
This will take average house price to £234,000 by 2021, with a 3.9% growth that year, according to Nationwide.
Robert Gardner, Nationwide's chief economist, said: "Housing market transactions were always likely to soften over the summer after the surge in activity in March. Determining how much of the [end-of-year] fall-back in activity is the result of the Stamp Duty levy, and how much is due to the referendum, will be difficult."
The CEBR forecasted a big decline in London prices - down 5.6% in 2017, but recovering to annual growth of 6% by 2021.
Source: This is Money
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