Report by PwC suggests that credit conditions and house prices should be better at the end of the decade.
UK house prices are set to return to their previous 2007 peak later this decade according to a new report by PwC.The latest UK Economic Outlook report suggests that by 2015 house prices will still be around eight percent lower in cash terms than they were in 2007. By 2020 the analysis predicts that there will be a gradual ease in credit conditions and when combined with a shortage in housing supply this could push house prices back up to almost 30 percent more than they were in 2007 in cash terms.
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