Wednesday, March 3, 2010
U.K. house prices probably won't fall this year as the shortage of houses and low interest rates support the property market, the Royal Institution of Chartered Surveyors said.
"With housing supply continuing to be tight and interest rates likely to remain low, it seems improbable that prices will dip again," the London-based lobby group said in a statement. Activity will still be constrained, so that recovery will continue to be slow, particularly outside of London and the southeast."
The report contrasts with Bank of England policy maker Kate Barker's comments last week that there may be more "adjustments" in the housing market as banks curb lending. Almost nine out of 10 Britons say buying a house is a "sensible investment" even after the U.K.'s worst housing slump in three decades, a survey by YouGov Plc published today showed.
Today's report, a review of European real estate in the past year, said that the continent's worst-performing markets form a "horseshoe shape" from Ireland, through Greece, Spain and central and Eastern Europe.
Labels: famous houses, traditional houses
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by World House Info @ 11:07 PM
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