Rightmove and Oxford Economics have released data predicting a national increase of over 30% in house prices over the next 5 years.
Unsurprisingly London and the South East have come out on top with a predicted increase of 32%-37%. The further North you go the worse the increase will be. The shock figure however is West London with predictions of a 13% increase, putting it at the bottom of the pile.
The statistics take into account hundreds of items of economic data to forecast growth, economic performance and the resulting house price inflation. The forecast compares and contrasts the fortunes of neighbouring areas, and takes into account the effect of strong house price growth in one location spilling over into adjoining areas.