The Independent - London, December 28th, 1996
This year the forecasters got it wrong. Their predictions of 3 per cent now look very modest when set against an annual increase of at least 7 per cent on the latest calculations of the Halifax. Some hot spots have seen rises up to 20 per cent and more. This year few are showing such caution. The investment bank, UBS, is not alone in predicting an average rise of 10 per cent. For London and the south east UBS expects increases of 15 per cent, while in Scotland, Wales and the North, between 6 and 8 per cent.
What few seemed to have anticipated was the shortage of good property that fuelled pri...
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