UK economy grows by 0.5% in first quarter of 2011

Data from The Office for National Statistics (ONS) showed that the UK economy grew by 0.5% in the first three months of 2011, compared to a contraction of 0.5% for the last three months of 2010. Some economist had predicted growth of 1% in this same period, therefore it is expected that this will lessen the chance of an early interest rate rise.

Huntly Hooper Research published in The Financial Times

March 11th 2011 – Research published by Huntly Hooper in the Financial Times identifies prime central London property between £1m and £2m outperforming the market. It is within this asset class that investors should be buying. For full details please get in touch.

Savills forecasts a 33% rise in Prime Property in 5 years

Recently published research by Savills has indicated that they expect prime London property to rise in price by 33% over the next 5 years, with a decrease of 1% over 2011.

CEBR forecasts property price rises of 16% to 2014

CEBR has revised its forecast for property/house prices to rise by only 2.2% in 2011, but to increase by 16% to 2014 if the Bank of England goes ahead with a second round of asset purchases.