Research from EY’s Item Club (Independent Treasury Economic Model) has revealed that by 2018 house prices in London will reach £600,000.

The rest of the country is dragging behind the UK capital which is boosted by limited supply and strong demand. The price-to-income ratios are at peak levels in London with EY expecting prices to rise some 6.5 percent over the next five years. This means home will be worth 37 percent more in 2018.

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Sky News

 

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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