Another day, another forecast - UK property prices set to rise 40% in five years...time to buy? Yes!

Another day, another forecast - UK property prices set to rise 40% in five years...time to buy? Yes!
7th August 2007

By Robin Bowman

House Prices 'Set For Another Huge Leap' shouted the Sky News website headline.

Well, 40% in five years isn't what most of us would call a 'huge leap' - certainly not those used to monitoring the property markets of central and Eastern Europe.

Even so, a reasonably authoritative source - in this case the economic analysts, Oxford Economics - predicting something other than a crash is a refreshing change. Plus, 40% in five years is certainly not to be sniffed at.

And some of the stats are pretty mind-blowing.

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