A record growth of 2014 will be changed by property prices decline in the UK in 2015 – about 0.8%. There won’t be any collapsing, but this will test the strength of the local housing market, reports the ee24.com siting forecasts made by the Centre for Economics and Business Research (CEBR), published by The Guardian.
It is expected that the real estate in the UK, which has already risen in price by 7.8% in 2014 will continue to lose its value. For example, a permanent 17-month increase in average housing prices was first stopped in September 2014.
Experts say that current period of real estate sale increases in the whole country and the availability of housing in London is becoming a big problem.