It's a revised for forecast for the end of the year, up from 2% (February) to a much more respectable 7%. But with the revision comes some trouble. The CML now expects interest rates to end 2006 at 4.75%, and the repossession rate to go up as a result. It's telling that interest rates at such a historically modest level are expected (by the body that lends the money) to result in such financial hardship. Go here for the press release, and here for a little extra from Channel 4.

Discuss UK property prices at the all-new Rat and Mouse forum.