House prices going up 14% by 2022 across UK
House prices in the North West of England are forecast to surge at nearly double the rate of that in London over the next five years, according to a report.
Between 2018 and 2022, house prices across Britain are projected by real estate adviser Savills to grow by 14.2%.
Savills expects different pockets of Britain will see marked differences in house price growth over the period.
Its projections range from an average 18% increase in the North West a home to the northern powerhouse to about 7% in London.
House price growth: five year forecast (2018-22) (PA).
The report said the North West region in particular has a robust economic outlook and strong employment growth.
It said house prices in the North West are relatively modest compared with incomes, at around 5.6 times wag...
