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Property Management

Housing prices ready to cool as immigration slows

Booming house prices are poised to come off the boil as the influx of migrants continues to ease, although investors are still priming a strong residential property market.

Thursday, February 05th 2004

This should bring house-price inflation - now running at almost 20 per cent - back into single-figure territory before the year is out.

December saw a net increase of just 1600 permanent and long-term migrants, down from 2200 in November. These figures count newcomers intending to stay for at least a year, and expatriates aiming to settle back here, minus long-term departures.

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