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UK: Home prices ‘to rise by 2pct in 2011′

Posted on 10 November 2010

From UKPA: House prices will edge ahead by just 2% next year but property values will be 16% higher than they are today by the end of 2014, an economics consultancy has predicted. The Centre for Economics and Business Research (cebr) expects house prices to rise by only 2.2% in 2011 as unemployment increases on the back of public sector cuts and household incomes remain under pressure.
But it expects low interest rates, further quantitative easing from the Bank of England and the ongoing housing shortage in the UK to offer some support to the market, with house prices likely to be 16% above their current level by the end of 2014……………………………………….Full Article: Source

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