Friday, 31 December 2010

Property market will be slow but stable in 2011, with a glimmer of hope for 2012 | Mail Online

Property market will be slow but stable in 2011, with a glimmer of hope for 2012 | Mail Online

Next year is set to be another tough one for the UK housing market, but there is a glimmer of hope that prices may at least hold their own until ­recovery in 2012.

There are four big influences to look out for in the next 12 months, say experts.
First, prices are predicted to fall slightly early in the new year before recovering from the summer onwards if the wider economy also improves.

The Royal Institution of Chartered Surveyors forecasts price falls of up to 2 per cent early in 2011, especially in areas such as the north of England with the ­largest number of public sector jobs vulnerable to cutbacks.

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