Monday, December 28, 2009
There is hesitation over the likely state of the British housing market in 2010 with experts on Monday making contrary predictions.
Hometrack, which collates and interprets data for the housing and residential industries, has issued a gloomy forecast - house prices will fall in 2010 by 1 percent.
Hometrack says pressures on household incomes; increasing unemployment and a bumpy economic recovery are all likely to offset the inflationary pressure on prices created by a shortage of sellers.
Hometrack's director of research Richard Donnell told the Guardian newspaper: "While economic growth is predictable to pick up in 2010, rising unemployment and slow growth in household incomes is set to act as a drag on demand."
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by World House Info @ 11:18 PM
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