Prime property prices in the UK are set to accelerate nearly 30% over the next five years with growth of 5.5% expected in 2013. Overall it predicts total growth of 28.7% over the next five years. Prime central London price growth is set to average 8% per annum growth between 2013 and 2017 but East Anglia is expected to be a strong performer, outdoing London and the south of the country. Despite the extended winter and concerns about the economy lurching back into a triple dip recession, the sector saw an increase in transaction numbers and house prices as well as a significant improvement in consumer confidence due to banks offering record low fixed rate deals and the introduction and extension of various Government initiatives. The combination of these factors has helped boost activity in the market, acting as the much needed catalyst to release the pent up sales demand from aspiring buyers who have been waiting to seize the right opportunity.
Posted on: Tue, 11 Jun 2013 15:02:06 +0000
Trending Topics
Recently Viewed Topics
© 2015