31.05.2011 - House prices 'to rise by 4pct a year' (but recovery doesn't start until Christmas)
A four-year recovery in house prices driving them up by 4 per cent a year is predicted to start by the end of the year. The UK property market has hit rock bottom and will begin to turn around ahead of Christmas, it is claimed. But the recovery will be slow rather than a return to boom and bust, according to the Centre for Economics and Business Research. A separate study published by the Institute for Public Policy Research calls for measures to prevent house price bubbles..............................................Full Article: Source
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