Property prices to rise £40,000 in five years
Evening Standard|November 09, 2021
A FLURRY of updates from housebuilding giants and estate agents today pointed to the pandemic residential boom still having momentum.
Joanna Bourke
Property prices to rise £40,000 in five years

Agent Savills and builders Persimmon and Vistry showed demand for properties has remained strong, even after a stamp duty holiday ended and amid rising build costs.

Shares in Savills rose 16.4p to 1436.4p after the FTSE 250 company said profits for the year to December 31 are likely to be materially ahead of 2019 when it saw pre-tax profits of £115.6 million.

The firm said it has continued to trade strongly since June, and the “continued strength of UK prime residential markets has exceeded our expectations”.

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