Now is the time of year when the national agents make their predictions about the outlook for residential property.  Graham Norwood, property blogger at Propertynewshound (@PropertyJourn) has posted commentary on the main players.  Here are the headlines:

Knight Frank – mainstream UK average house prices will rise seven per cent in 2014 with cumulative growth of 24 per cent by late 2018.

Chesterton Humberts – predict 8.2 per cent price growth in mainstream England and Wales in 2014 – more than Greater London and the most optimistic national forecast so far. Over the course of the following four years there will be an average growth rate of six per cent in England and Wales, and a hefty 9.7 per cent average annual growth in Prime Central London.

Strutt & Parker – predicts a steady price recovery in the UK mainstream market but warns Prime Central London may be entering a weaker period, especially if political support for a Mansion Tax gathers pace.

Cluttons – say current London price growth is unsustainable and in 2014 will slow to 4.0 per cent in prime central London and 3.5 per cent in Greater London.

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