Real estate

London house prices forecast to rocket another 30% within five years


A report by CBRE forecasts that the London housing market will see 31% growth from 2015 to 2019, while house prices in the South East will climb 28% over the next five years and 25% in the South West. CBRE also forecasts that the value of the average home in the UK will jump 25%, with the weakest growth of any region in Scotland at 20%. CBRE anticipates that London's rising population and the continued imbalance between supply and demand in the capital, along with more relaxed lending from banks to well-established developers, will boost the London market after the election. Despite a slowdown in the high-end London housing market in recent months, CBRE has seen increased interest from investors from China and Malaysia in large flagship sites such as Teddington Studios in Richmond.


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