The UK property market will end the year in a stronger position than that in which it started, with higher prices overall, one expert has suggested.
As a whole, 2009 will see five to ten per cent growth in the property market, predicted Stuart Law, chief executive of
property investment advisory firm Assetz.
"There are many risks to this happening but at the same time there are many good reasons why it will happen," he commented.
According to the latest Nationwide house price study published this week, house prices rose by 1.3 per cent in July compared to the previous month, taking the
average price to £158,871.
House prices are still 6.2 per cent lower than they were a year ago, but for the first seven months of 2009 they have risen by a cumulative 1.3 per cent, suggesting they could end the year higher than in January.
See Also: Press Releases (372), Nationwide (3), Assetz (1), House Prices (12), Property Market (2), Housing Market (3)
Date Published: 31 July 2009
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