The property market is nearing the end of its long slide, and according to one of the country’s leading economic consultancies and respected commentators on the UK housing market,
it will start to recover next year.
The Centre for Economic and Business Research believes the acute housing shortage will combine with pent-up demand from people who have deferred buying for fear prices will drop still further. Price will rise as a result. CEBR expects prices in the general property market to drop by a total of about 1.7 per cent over 2011 and begin to recover in 2012. They predict a 17 per cent rise by the end of 2015.
