| House prices in Britain are still artificially high according to economists, despite a report revealing that the property market is set for the longest slump since records began. The ‘topsy-turvy’ nature of the housing market was in evidence further today with official figures from the Land Registry showed that prices edged up 0.9 per annually but sales slowed.
According to a host of experts polled by the Financial Times, 44 said houses were overvalued compared to 26 who said they are not – yet despite this few of them expect any sharp falls this year...............................................Full Article: Source
|