Tuesday, July 14, 2009

Startling insights from Auntie Beeb

Economy 'to dampen house prices'

The sluggish UK economy is likely to mean that house prices will not see any "meaningful" recovery for some time, two separate surveys suggest. There will be no "sustained" upturn until mortgages become more available, the Royal Institution of Chartered Surveyors (RICS) says. Meanwhile, PricewaterhouseCoopers has warned further price falls are likely in 2009 and 2010. The government's own house price survey reported property values fell in May.

Posted by mark wadsworth @ 11:05 AM (790 views)
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2 thoughts on “Startling insights from Auntie Beeb

  • The main stream media seem to have changed their tune somewhat.

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  • it_is_going_with_a_bang says:

    What is a “house price recovery” exactly? Recover to what?

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