How much will my property be worth in five years?

Question

I paid £130,000 for my 3 bed house last year in the south west of England. I know the value is going down at present, but does anyone have any idea what it might be worth in five years time? or is it impossible to say at the moment.

Thanks.

Answer 1

There is no way to know.  Prices can go up or down because of many different factors so there is absolutely no way to know.  (in the US appraisals are only good for 6 months at the longest)

Answer 2

My crystal ball says it is impossible to know right now.

Answer 3

Rise about 5% in value