Sunday, December 30, 2007
How low will it go?
The UK property market ends the year on a cliffhanger — are we headed for an almighty crash or a steady slowdown? This time last year, as agents and analysts gathered around their spreadsheets and crystal balls, everyone was breathing a sigh of relief. The housing-market crash predicted by the gloomy Jeremiahs had not come to pass. What’s more, at the tail end of 2006, prices in some areas had even begun to turn upwards. The boom years were back on track.