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Savills forecasting growth short of inflation in next five years

Real estate business Savills (SVS) is forecasting London house prices will increase by just 7.1% in the next five years.

This is materially short of the expected rate of inflation out to 2022 (9.5%) and well below what is pencilled in for every other region in the UK.

This would reverse a trend going back to the 1980s which saw the Capital experience higher growth. In the last five years, for example, London house prices have advanced by 56%.

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