Tuesday, Dec 01, 2009
Respected internatrional propertry firm's research shows house price fall in 2010
Property Week: UK house prices to fall in 2010 says Jones Lang LaSalle
According to Jones Lang LaSalle’s end of year UK Residential Market Forecast, published yesterday there are already signs of this growth slowing and average house prices across the UK are expected to fall by 7% in 2010.
It said that during 2010 unemployment is expected to continue rising, and other factors such as the rise in VAT in January, the general election, the diminishing impact of the quantitative easing programme and further government fiscal tightening will all weaken the demand for housing over the next 12-18 months while also forcing more homes into the marketplace.
Posted by peter whelp @ 08:17 AM (130 views) Add Comment
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