Friday, Nov 05, 2010
Savills return to peak prediction is extended by 2 years
U.K. home prices may take longer than expected to return to peak levels as tax increases and job cuts cause values to drop through next year, Savills Plc said. It will probably take until 2016 for prices to get back to where they were in 2007, according to a report released today. That’s two years later than the London-based broker predicted in November 2009. Savills expects average U.K. values to fall 3 percent next year and start to gain in 2012.
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