Experts divided over outlook for UK residential real estate market in the second half of 2010

[Nicholas Wallwork]

The latest property price surveys paint different pictures of what is likely to happen to the UK real estate market with some more positive than others.

Real estate chartered surveyors are expecting a post election bounce in the property market in the UK despite the fact that it resulted in a hung parliament, according to a report published today (11 May 2010) by the Royal Institution of Chartered Surveyors.

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[London_property]

In London, short term at least, a weak pound and relatively stable employment in the City help to sustain demand. Combined with relatively scarce supply, prices are holding up VERY well.

We have to wait and see what effects higher interest rates will have. I have more faith in London than elsewhere in the UK......