Housing prices ready to cool as immigration slows

Thursday 5 February 2004

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.

By The Landlord

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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