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UK HOUSE PRICES MAY DOUBLE BY 2011 - The Property Investment

Simon Brown of financial analysis group Quantigma, predicts that the UK property market will see massive growth from 2006 until 2011. He has estimated that, while prices will be roughly the same now as at the end of 2005, interest rates will be cut backto 4% or lower and will create steady growth for the economy.

Brown said: " With the economy on steady growth and inflation under control, next year should be a year for consolidation, debt repayment and confidence building amongst consumers." He added that "2006 may well see the start of an impressive five year growth patyh in the UK housing market, fuelled by these local economics, with potential help from a weaker dollar, attracting funds into the UK for investment and 'the safe haven effect'. this five year growth could easily exceed 100%."