22.11.2010 - UK: Housing market ‘will double dip'
From Yourmortgage.co.uk: The housing market faces a double dip in house prices, a Reuters poll of industry analysts has found. The poll, taken over the past week, found that more than two-thirds of the 30 housing market analysts it surveyed predict UK house prices will "double dip", with most expecting a 5% fall from current levels. Economist, John Hawkesworth from PriceWaterhouseCoopers (PwC), said: "There are likely to be further falls in house prices over the next year given the dampening effect of the fiscal squeeze, restricted mortgage availability and fragile household confidence levels.".............................................Full Article: Source
Print