Price rises fore­cast for next five years

Yorkshire Post - Property - - FRONT PAGE -

SAV­ILLS fore­cast a 20.5 per cent rise in house prices in York­shire over the next five years.

The agency say there will be a 5% in­crease next year, fol­lowed by 4.5% in 2015, 3.5% in 2106, 3.5% in 2017 and 2.5 in 2018.

Re­searchers say York will be the top per­former and the city also fea­tures in Sav­ills top 20 na­tion­ally. Barns­ley, Brad­ford and Hull will be among the worst per­form­ers.

A spokesman says: “As things cur­rently stand, there is lit­tle doubt that the rip­ple ef­fect from Lon­don is over­due, hav­ing taken longer than usual to breach the bound­aries of the M25. Prices in other parts of the UK will start to out-per­form Lon­don at some point over the next five years, though not uni­formly.”

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