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UK: House prices will inch ahead in 2011

Posted on 17 December 2010

From Thisismoney.co.uk: House prices will rise next year as the Bank of England puts a prop under the property market, according to a joint forecast from leading economic analysts and estate agents. The property market will inch ahead in both London and the rest of England and Wales, according to the Centre for Economics and Business Research and estate agents Chesterton Humberts.
The rock bottom base rate being kept on hold at 0.5% throughout 2011 and a fresh dose of quantitative easing will bolster the market, with London prices rising by 1.2% and the rest of England & Wales seeing a 0.8% increase……………………………………….Full Article: Source


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