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UK Residential Research Bulletin No 56 [electronic resource]

By: Language: English Series: Savills UK Residential Research Bulletin ; (56) Winter 2006/07Publication details: London Savills 2006Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Low growth in 2005 seems to have constituted the full extent of the housing market slowdown. Interest rate rises do no yet seem to have had a significant impact. Forecasts 9% UK residential property market growth for 2006. Growth in prime central London will total 20% for 2006. Prime and southern markets are leading growth, fuelled by overseas equity and City bonuses. There is no housing market bubble - yet. Only a severe external economic shock or very unpleasant inflationary surprise could cause prices to reduce substantially from current levels. Strong demand coupled with competition for very short supply of the right type of property in the right place will fuel further house price rises.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 137034-1001

Low growth in 2005 seems to have constituted the full extent of the housing market slowdown. Interest rate rises do no yet seem to have had a significant impact. Forecasts 9% UK residential property market growth for 2006. Growth in prime central London will total 20% for 2006. Prime and southern markets are leading growth, fuelled by overseas equity and City bonuses. There is no housing market bubble - yet. Only a severe external economic shock or very unpleasant inflationary surprise could cause prices to reduce substantially from current levels. Strong demand coupled with competition for very short supply of the right type of property in the right place will fuel further house price rises.

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