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UK: Is now a good time to buy property?

Posted on 16 December 2010

From Telegraph: According to the Building Societies Association (BSA), many people believe the current property downturn presents buying opportunities. Is this just another example of our blind faith in the housing market – or are these investors on to something?
David Hollingworth, of London & Country mortgage brokers, says: “Much depends on what the motivation is for buying. If you are expecting a sharp increase in value, then you are going to be disappointed. All the indications are that this is not going to happen for the next year or so. At best prices will be flat, and they may even go down over the year.”………………………………………Full Article: Source

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