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analysis-forecasts-for-uk-house-prices

Monday, July 16, 2012

PWC has published analysis and forecasts for UK house prices:

  • In cash terms, average UK house prices projected to be broadly flat for the next couple of years, but then recover gradually later this decade as supply shortages reassert themselves
  • Average UK house prices not projected to return to 2007 peak levels until around 2017 in cash terms, or around 2024 in real inflation-adjusted terms
  • Single person without financial assistance may not be able to buy first property until late 30s
  • UK economy broadly flat in 2012, but recovering to 1.7% growth in 2013 as lower inflation eases squeeze on consumers
  • London and South East to lead economic recovery, but all UK regions should return to positive growth next year

 

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