Saturday, December 27, 2008
Then again, they may not
The New Year promises a new dawn for property owners and first-time home buyers, according to estate agents. After a year of gloom for owners with values down by a fifth, 2009 is likely to be the year the recovery begins as interest rates are cut again and the fall in property prices levels out. Mr Bolton King, chairman of the National Association of Estate Agents, said that in some markets, the bounce back could be as dramatic as the fall.