PCL price rally ‘peters out’

UK house prices are likely to rise by a 'sluggish' 1% this year, predicts consultancy firm PwC, 'implying a 1% decline in real terms'

Lender’s base case scenario now shows a decline of 6% for this year, instead of the 5% being forecast in April.

"All the activity we are currently seeing gives us every confidence about the outlook for the Prime Central London property market," says Dexters. But others are less bullish.