UK residential property prices set to fall again in the New Year with no substantial recovery for at

[Nicholas Wallwork]

Residential property prices in the UK will not return to the*peak reached in autumn 2007 for at least another five years*and recent increases are a ‘false dawn’, it is claimed.

According to a report published today (Monday) by Ernst &*Young’s Item Club, an influential group of economists, prices*will start falling again at the beginning of next year as the*market is being propped up by cash rich buyers who will*dwindle away by the end of the year.

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[sha-sl]

yes we can expect small down turn next year because of mortgage market. But london (city of london) zone 1, 2 and zone 3 property price will go up because of lack of stock. And strong cash deals.

 

[Prop-erty]

london (city of london) zone 1, 2 and zone 3 property price will go up because of lack of stock.

Absolutely. The is the number one reason why buying in London will always be good.