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House prices and interest rates
1999 2000 2001 2002 2003*2004*
House price inflation % 13.8 13.5 4.6 25.2 11 6
Q4 mortgage interest rates % 6.3 6.7 5.2 5.0 4.8 5.3
Annual average rise GDP % 2.8 3.8 2.1 1.7 2.0 2.7
* Royal Institution of Chartered Surveyors forecast Source: ODPM, RICS