Saturday, September 19, 2009
South East predicted to lead house price recovery
The British have had a long-running love affair with property. Like many affairs, it has had its ups and downs, but the overall gains in residential property prices in real terms since the end of the second world war are hard to ignore. House prices cannot keep going up forever, of course. This fact seemed to be forgotten in the run-up to the latest slump. It was astounding to see so much investment into newly-launched property funds when it seemed clear that a major correction was due. The latest downturn in prices has been severe, having gone hand in hand with what has been the sharpest economic slump in the UK since records began. Confidence has been hit hard - but does that make it the ideal time to invest in one of the several residential property funds now coming to the market?