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London house prices to soar

House prices in London could soar by 26 per cent over the next two years according to a report by the Centre for Economics and Business Research.


The report says the buoyant housing market is being fuelled by the booming economy and rising salaries.


In 1998 the CEBR predicted prices would rise by 40 per cent before the year 2002. It says prices have actually risen faster than anticipated but it expects them to level out and hit its projection.

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