SHOCK: Agents will earn £30,000 per sale in fees by 2124
New study suggest likely price increases over the next 100 years’ time, predicting average house will cost £3 milion approximately.
The average UK house price in 2124 will be £3.2 million, according to a new study carried out using artificial intelligence (AI), suggesting that agents would earn £30,000 from each sale by then.
According to ChatGPT, the average London house price would be £10 million, meaning buyers would need a whopping £2m to put down a 20% deposit.
The average salary is likely to be £338,000 – 9.6 times less than the average house price, but similar to the current ratio.
The South-East is forecast to be the second most expensive region after London, with the average sale price standing at £5.9 million – requiring a deposit of roughly £1.2 million.
North-East house prices
In contrast, the cheapest average price in 100 years’ time would be in the North-East, at £1.2 million, according to the survey carried out by City Index.
North-East residents could find themselves putting down a £234k deposit in 100 years time, according to ChatGPT. The average salary in the area is predicted to be £181k per annum, making the houses 6.5 times the annual salary.
The third most expensive area, both now and then, the East of England, would see prices of £4.4m, n with a deposit forecast to cost roughly £880,000. The average salary is predicted to be £417k, nearly 11 times less than the average house price.
Meanwhile properties in the South-West would hit an average of £3.8m. The average price in Wales in 2124 would be £2.1 million, and in Scotland it would be £1.7 million.
This has to be one of the stupidest, most pointless articles in history. The way the UK is going it won’t even exist!