Tuesday, Jul 14, 2009
Startling insights from Auntie Beeb
BBC: Economy 'to dampen house prices'
The sluggish UK economy is likely to mean that house prices will not see any "meaningful" recovery for some time, two separate surveys suggest. There will be no "sustained" upturn until mortgages become more available, the Royal Institution of Chartered Surveyors (RICS) says. Meanwhile, PricewaterhouseCoopers has warned further price falls are likely in 2009 and 2010. The government's own house price survey reported property values fell in May.
Posted by mark wadsworth @ 11:05 AM (443 views) Add Comment
2 Comments
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1. 51ck-6-51x said...
The main stream media seem to have changed their tune somewhat.
2. it_is_going_with_a_bang said...
What is a "house price recovery" exactly? Recover to what?