Posts in the Mortgages category

House Price Recovery could Take 8 Years

Posted on Wednesday, August 20th, 2008 at 11:10am

By 2012, the house prices in the South of the UK should or could return to similar values that we were seeing in 2007. However, in other parts of the country, it could take a lot longer - a full recovery has been predicted to be as far away as 2016.

So, it's bad news for homeowners and investors who want to sell up in the near future. But this is good news for first time buyers who can take advantage of the slump in house prices.