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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