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    Property market update

    Property market update

    “Over the past five years, values in prime London have seen significant increases, with an average growth of 65% over the period.”

     

    The latest forecasts from the Savills research team say: “Over the past five years, values in prime London have seen significant increases, with an average growth of 65% over the period.” But with the election approaching and the ‘mansion tax’ back on the agenda, “we expect values to plateau in locations that have seen the steepest price rises, but still expect increases of 22.7% over the next 5 years.”

    Outside London in the mainstream markets, the outlook remains positive. “Markets in the South of England are expected to be the strongest performers, with the markets of the Midlands and the North having the potential to outperform these areas subsequently.” Growth rates over the next five years are forecast to range from 18% in the North to 31% in the East of England. 

    Read our latest property price and rental forecasts