Sunday, January 6, 2013

In a zombie economy.

Britain faces slowest housing market recovery on record with some property prices not set to peak again until 2021

Homeowners in Wales will not see prices recover fully for eight years. Prices in London should hit 2007 prices next year. Property prices could take another eight years to recover from the recession and regain their 2007 value, according to forecasts by an estate agent. Homeowners in Wales, North Yorkshire and the North West will wait the longest to see the value of their property return to pre-recession value according to Knight Frank. In Wales, prices won't return to their average peak of £154,696 until 2021 with the current market value more than £20,000 down to less than £132,000.

Posted by hpwatcher @ 02:18 PM (2789 views)
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3 thoughts on “In a zombie economy.

  • Eight years! I doubt the market will have even bottomed out by then, the way things are going.

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  • You can take a horse…….

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  • This, of course, assumes the Fed, ECB and the BoE don’t continue the “race to the bottom” with massive money printing. Japan is already up and running.

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