House prices will grow 5% this year, say economists
News Category: Industry News
Published: 05-May-2010
UK House prices will grow 5% this year and average mortgage rates will fall from 4% to 3% by December, according to a new report.
The Centre for Economics and Business Research also forecasts sluggish economic growth between 2011 and 2014 as the incoming government deals with the fiscal crisis, cuts public spending and raises taxes.
The CEBR forecasts that base rates will stick at 0.5% over the next 18 months and will only rise slowly afterwards.
It says its forecasts are made regardless of the election result.
Article courtesy of Estate Agent Today Sign up for EAT newsletter
