UK property recovery 'will be seen in 18 months'
Those investing in buy-to-let property in the UK could be set to benefit, as an expert has predicted a recovery in the industry by the middle of 2011.
Commenting on recent trends, chief executive of Assetz Stuart Law said he is optimistic about the future of the market.
He explained that his calculations are based on the growth that has been seen over the last 2 quarters and stated: "If it carries on at the rate we've been seeing for the last 6 months then prices will be back to their peak [in] 18 months time."
Mr Law was commenting following the release of Council of Mortgage Lenders statistics, which indicated a 2% rise in the value of home loans granted in September, compared to the previous month.
According to the specialist, the reduced availability of mortgages requiring a low deposit means the figures are low compared to 2007, but they still represent a "very positive sign" for the housing sector.
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