UK Inc is in good health, and growth is speeding up, says the OECD and that bodes well for property price growth

UK Inc is in good health, and growth is speeding up, says the OECD and that bodes well for property price growth
25th May 2006

The UK economy will grow at a faster rate than last year in 2006 and pick up again in 2007, says the influential half yearly report by the OECD - plus, there is almost no danger of a UK property price correction

The Organisation for Economic Cooperation and Development (OECD), predicts GDP growth of a healthy 2.5% in 2006, climbing to a strong 3% next year.

That is excellent news for jobs, consumer spending and the gradually strengthening property market in the UK.

Good news too on interest rates

The OECD forecasts that while inflation may pick up in the short term - mainly due to spikes in fuel prices, especially domestic gas - it would gradually fall back to the 2% rate the Bank of England is comfortable with.

To view the rest of this article - and thousands like it - become a PRO member today...

To read this article you need to be a Property Secrets PRO member. In addition to thousands of searchable articles on UK and worldwide property investment, your PRO membership will give you full access to over £600 worth of eBooks and Spreadsheet Software, advice-packed blogs from leading property experts and our busy Property Forums - where you can talk to hundreds of investors just like you.

If you aren't currently a PRO member, then you can sign up using the form below now. At only £7.99 a month (first 14 days FREE) or £79.99 per year (that's TWO MONTHS FREE), it will prove exceptional value for money. Remember, our range of eBooks and Spreadsheet Software is worth over £600 and with a new article every day, there's always something to come back for.

Today's property market means it is vital to have full and unlimited access to the best information available to make intelligent and profitable decisions.

To find out more about the benefits of a Property Secrets PRO membership, click here...

If you are already a PRO member of Property Secrets, sign in at the top of the page.