House price rise predicted
House price rise predicted
- 2002
- RICS Press Release (pr166) 21 December 2001, (2) .
RICS economists forecast a 6% rise in house prices in 2002, compared with 10% in 2001. Economic growth in the UK is expected to slow to 1.8% in 2002, from 2.3% in 2001, but it is anticipated that low interest rates will protect home-owners from the difficult economic climate. The current slowdown will continue in the early part of the year but the market is expected to pick up in the early summer.
HOUSE PRICES
FORECAST
RICS
RICS economists forecast a 6% rise in house prices in 2002, compared with 10% in 2001. Economic growth in the UK is expected to slow to 1.8% in 2002, from 2.3% in 2001, but it is anticipated that low interest rates will protect home-owners from the difficult economic climate. The current slowdown will continue in the early part of the year but the market is expected to pick up in the early summer.
HOUSE PRICES
FORECAST
RICS