Housing Market 'Will Not Recover Until 2011'

Summary


LONDONERS should wait at least two years before buying a house as the market will not recover until 2011, says an industry report.

Prices will continue to fall next year and will not start to improve until a year after that, according to independent analysts Oxford Economics.

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Extract


Housing Market 'Will Not Recover Until 2011'

The average price in London will drop 16.1 per cent this year, then a further 3.4 per cent next year.

They will then re...

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