UK house prices will increase in 2009, the RICS said, reversing an earlier prediction for a drop of as much as 15%.
The average price of a home will be 'slightly higher' in the fourth quarter of 2009 than it was in the same period last year, RICS said in a statement in London today. Lower interest rates and the decline in house prices from their peak in 2007 have lured buyers back to the market, the RICS said.
bloomberg.com
No comments yet