House prices may rise by an additional 5.0% to 7.5% as borrowing capacity increases, according to new research from Savills.

The commuter belt saw the strongest quarterly rental growth, with central London remaining more discretionary, according to Savills' latest data.

According to analysis conducted by Savills, there are now 702,580 homes valued at £1mn or above in Britain, representing a 34% increase in the last five years.