Transaction levels getting back to normal as London prices hit double the UK average
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
As reported last week, London's price growth is calming down a bit: PCL prices went up by just 0.2% in November, taking annual growth down to +6.9%
No price correction predicted, although "there is no precedent for the current market" says Savills research chief
Companies in this articleCushman & Wakefield
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The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.
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