‘Sharp declines’ in asking prices expected, but little change for achieved values

UK House prices are expected to rise by 4.5% per annum over the next five years, delivering a cumulative increase of around 25% according to the latest from RICS. RICS Forecasts

Prime central London house prices are now 58% above their 2009 low, having risen by 7.2% over the last 12 months, according to the latest from Knight Frank.

The prime central London property market has been generating sales transaction values not seen since 2006, according to Strutt & Parker.