"Real recovery" forecast for UK property
Now could be a good time to invest in the UK housing market, as an expert has predicted values will rise next year.
According to Jane Marr, director at the Little House Company, prices remain subdued at present because many buyers are willing to wait before making a purchase.
Those seeking buy-to-let property, therefore, may be able to take advantage of the fact that Hometrack figures showed the average house in the UK in October to be 4.2% below the level of a year earlier.
Ms Marr remarked: "It seems that 2010 will be the start of a real recovery for the UK housing market once confidence from both sellers and buyers returns."
She also observed that the Hometrack report indicated almost 93% of asking prices are being achieved, explaining that sellers at present are reluctant to push valuations up because they wish to remain competitive - which could mean bargains are available for investors.
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