London’s housing market will be buoyed by an injection of £5.5bn in City bonuses in 2007, helping to underpin another year of double-digit house growth in the capital, according to Savills.
Savills said it expected London house prices to rise by 10% next year, lower than this year’s expected outcome of 12%, due to higher interest rates.
References: Financial Times 18/11/06 page 3
