Property boom to continue

property

house prices could go up 30% over next 18 months but longer term a slowdown is inevitable

Average property values in the UK could rise a further 30% in the next 18 months, barring any major interest rate shocks, according to FDS Savills Research. Richard Donnell, head of residential research at FDS Savills, said growth in the first five months of 2004 has been so strong that many forecasters have been revising their forecasts for house price growth upwards throughout the year. Indeed, he noted Savills itself is following suit as its 4% projection for 2004 growth, made last October, has already been surpassed. He said: "Given limited prospects for any significant rise in int...