Conflicting predictions are being made about the UK’s residential market, which is in the midst of a remarkable run of increasing values. The latest research to hit the market comes from Centre for Economics and Business Research, which claims that London’s property boom is set to continue, to the extent that values will stand at twice the national average by the end of the year. That would be made possible by a 16 percent jump in residential prices during 2014, compared to just 6.9 percent growth across the rest of the UK. The average London dwelling will cost GPB 466,000, according to the group. The think tank warned that planned regulatory interventions would stunt the growth of values, as they will likely be aimed at making mortgages tougher to come by.
