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Tuesday, 6 April 2010

How Soon Will House Prices Recover to 2007 Levels?

Lombard Street Research has released a new report warning that the UK housing market is potentially trapped in a long-term bear market and that prices may not recover their peak of 2007 for many years.

They warn that the 25 year bull run of rising prices could be simialarly match by a 25 year long bear run, as a consequence of the credit crunch, with a huge tightening in the long term availability of credit. They foresee that house prices in the next 3 to 5 years will be flat at best.
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