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House prices will ‘recover slowly’
House prices in England will fall this year and will not start recovering until 2011, according to the National Housing Federation (NHF).
The federation predicts that prices will fall 12.2% this year, 4.6% in 2010 and then stabilise in 2011 with a 1.1% rise. The NHF have also said that by 2014 house prices will be 20% higher than they are currently.
"Our research shows that, while house prices are falling in the short term, they will inevitably increase in the long term because of a fundamental under-supply of housing," said NHF chief executive David Orr.
Post Date: August 3rd, 2009
The federation predicts that prices will fall 12.2% this year, 4.6% in 2010 and then stabilise in 2011 with a 1.1% rise. The NHF have also said that by 2014 house prices will be 20% higher than they are currently.
"Our research shows that, while house prices are falling in the short term, they will inevitably increase in the long term because of a fundamental under-supply of housing," said NHF chief executive David Orr.
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Post Date: August 3rd, 2009
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