vendredi 20 novembre 2009

The property prices in Britain could leave the drop in 2010

Despite a marked improvement in recent months, the market for UK property is not out of the rut. Starting next year, house prices could indeed go back down, according to 14 industry experts surveyed by Bloomberg.

"For the market to normal, prices are still falling from 20 to 25%," said economist even the most pessimistic of the study. Most analysts also stressed that the sector recovery is not tenable in view of the continued increase in unemployment and the reluctance of banks to lend.

Penalized by these difficult conditions, the housing market even Britain could take several years to recover.

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