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U.K. homeowners should not count on capital gains, housing minister says

Posted on 08 September 2011

U.K. homeowners shouldn’t count on making money from their property as the pace of price gains slows, according to Housing Minister Grant Shapps.
“Gone are the days where you buy a house for capital appreciation,” Shapps, a member of Prime Minister David Cameron’s Conservative Party, said in a Sept. 6 interview. “House prices can still go up, but they need to go up in line with or less than increases in average earnings for the long term.”………………………………………Full Article: Source


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