Property values in London will continue rising by 5% a year for the next five years, taking the average price of home in Wimbledon Village from more than £1,6m to £2,118,323 by the end of 2020.

Wimbledon Village property to rise 5% per year until 2020The forecast comes from the Royal Institute of Chartered Surveyors, which says its latest UK Residential Market Survey shows a lift in housing demand.

The organisation says: “The UK housing market has seen a rise in demand following the government’s recent announcement that stamp duty is set to increase for buy-to-let investors.

“The survey shows the demand for new properties has reached a three-month high, with chartered surveyors citing a rush to beat April’s stamp duty rise as the reason.”

However, RICS adds that there will continue to be more buyers than sellers, which will drive further price rises.

Property prices outside London, south-east England and the eastern counties will see rises of 4.5%, according to RICS.

However this rate is lower than in recent years and might be further pegged back if the private landlord market experiences the slowdown after April that some are suggesting.

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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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