“Real” house prices still 16% below 2008 market peak

House prices are all set to rise by 18% over the next five years, while rents are likely to increase by 19.

After a 1% rise in June to take the annual increase to +11.8%, average UK property prices have now breached their 2007 peak, says Knight Frank.

A couple of recent reports have flagged up the changing face of London's Midtown rental market: Savills argued here that technology workers are reinventing the corporate lettings landscape, while LCP claimed…