10.04.2012 - UK: House prices: Another four years to make a full recovery
House prices are not set to reach their pre-recession levels for another four years, according to research from the Centre for Economics and Business Research. The think-tank expects prices will continue to edge up slowly by 0.8 per cent this year as the mortgage famine affecting people's ability to buy gradually eases. "Lending for housing was 74.5bn in 2011 and we forecast this will rise to 109.9bn by 2016," says Shehan Mohamed, the report's author...............................................Full Article: Source
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