UK property prices set to rise by 15% by end of 2012, according to economists

[Nicholas Wallwork]

There will be no collapse in UK residential real estate prices in 2010 and properties will be*worth around 15% more at the end of 2012 than they are today, it is claimed.

A severe supply shortage will continue to act as a driving force for property prices and this is*likely to have an effect on the real estate market for five years, says a report from the Centre*for Economics and Business Research.

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