Property prices to leap seven percent this year, says poll

Written on 5 March 2014 by Alistair Boscawen in Property News

Reuters news agency has released a survey of economists and analysts that suggests that house prices are set to rise by seven percent 2014.

According to a poll, house prices in the UK are expected to surge by some seven percent this year. Reuters news agency interviewed some 27 analysts, who said that a supply shortage and demand from overseas investors will continue to push up London prices.

Growth in average UK prices is expected to slow down, while the London market remains out of step with the rest of the UK. Prices in the British capital are expected to rise by 9.2 percent this year, seven percent next year and five percent in 2016.

Interest rates have been at a record low for five years, making mortgages cheaper for homes owners and buyers alike. The rate is expected to start to rise slowly from 2015.

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Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen


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