RICS gloomy forecast on London prices

The London property boom looks to be coming to an end.

Latest forecasts from the Royal Institution of Chartered Surveyors (RICS) predicts a meagre 1.9 percent growth over the coming twelve months.

"A range of policy initiatives adopted by the Bank of England in recent months alongside heightened expectations surrounding a turn in the interest rate cycle has clearly had an impact on sentiment in the market," said Simon Rubinsohn, RICS chief economist.

Discounted landlord insurance