Savills has predicted that by 2020 all regions in the UK will be enjoying substantial house price growth. According to the estate agent’s Residential Property Focus report, London and the south east would lead the recovery, with property values in the latter returning to pre-slump levels by 2012. Between 2008 and 2020, average growth in the south east would be 79%, Savills forecasted. In other regions, the report showed, Wales would see average growth of 43% by 2020, and the north west and Yorkshire 24% and 43% respectively. Average growth in the West Midlands would stand at 37% with the East Midlands enjoying 53% growth by 2020. Savills predicted that Scotland’s average property values would have increased 47%, and Northern Ireland’s by 33%. The North East would see the least growth at 19%. “Contrary to popular belief, affordability pressures are not as great as in the early 1990s,” Yolande Barnes, director of Savills Research explained. “It is about availability of credit.”