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London house prices to grow over 20% by 2016

House prices in London will have grown 20% by the end of 2016 on top of inflation, according to BNP Paribas Real Estate. This means that between the year 2000 and 2016, house prices will have risen by over 40% in total in the Capital. In fact, London & South East growth in house prices is so dominant that by 2016 they will pull the UK average growth per annum up to 2.4% despite most other regions only forecast to grow by 1%. In its quarterly Housing and The Economy research report, the leading international real estate adviser has teamed up with Professor Patrick Minford of Cardiff Business School (and ex-advisor to Margaret Thatcher), to record and predict growth in housing prices and look at the issues affecting the housing market across...[…]