Growth fore­cast of five per cent

Yorkshire Post - Property - - PROPERTY -

YORK­SHIRE, the North East and North West will see five per cent of ac­cu­mu­lated growth by 2016 af­ter in­fla­tion, ac­cord­ing to the lat­est re­port by BNP Paribas Real Es­tate.

The fore­cast is due to a two-tier mar­ket de­vel­op­ing in the North where higher growth is ex­pected in the sub­urbs while in­ner cities will re­main stag­nant.

The re­ports says that over the last 10 years, the north­ern re­gions have been among the best per­form­ers in the UK in terms of house price growth but this is set to mod­er­ate over the next six years, with York­shire marginally lead­ing with one per cent an­nu­alised fore­cast growth each year to 2016, and both North West and North East likely to see an­nu­alised growth of 0.9 per cent.

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