Mainstream UK residential property prices are set for ‘a slow correction’, while prime central London prices will continue to climb, according to the latest forecast from estate agent Knight Frank.
Key headlines: Average house prices across the UK will drop by 5% next year and will show little convincing growth until 2014. Prime central London prices will climb 5% next year, before pausing in 2013 and rising by a further 4% in 2014. Cumulatively, prices will rise 24% by the end of 2016……………………………………….Full Article: Source