House price rise predicted
Series: RICS Press Release ; (pr166) 21 December 2001, (2)Publication details: 2002Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3801-30 (Browse shelf(Opens below)) | 1 | Available | 116180-1001 |
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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.