Wednesday, March 26, 2008
One dissenting voice – guess who?
House prices in the UK are expected to fall between 10% and 20% over the next year, according to a poll of delegates at the recent Great Housing Market Debate conference. Of the 150 lenders, estate agents, economists, brokers and property investors at the London event, just one, Assetz director Stuart Law, said he expected to see price increases in 2007. 'The dire shortage of housing stock in the UK will spike up rents and keep prices afloat,’ said Law. ‘This lack of confidence within the industry is a clear indication that we have hit rock bottom and things are set to improve.