Managing Your Money 

Savills halves expected house-price growth

Savills has halved its forecasts for house-price growth over the next five years. It now expects house prices to rise just 6 per cent in the UK mainstream (non-prime) market between 2012 and 2016. With inflation, that equates to an 11 per cent loss in real terms. "Inflation, rather than price falls, will erode housing value," said research director Lucian Cook.

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