Qualified advisers answering your
Financial Questions
call 0800 092 1245

PricewaterhouseCoopers issues depressing property report

PricewaterhouseCoopers has today issued a report on UK property market which will not make good reading for UK homeowners and investors. The report suggests that the recent spate of upbeat statements with regards to the UK property sector may have heralded something of a "false dawn" and they expect prices to fall in 2010 and remain flat in 2011. This appears to be at direct odds with a raft of other reports which have hit the UK newswires over the last few weeks.

The report also suggests that it could be 2020 before we see UK property prices return to levels last seen in 2008 which does not bode well for those in negative equity. It will be interesting to see how others in the sector respond to this particular survey which appears to have taken a more cautious approach than many others although from such a renowned name as PricewaterhouseCoopers there is no doubt it will grab the attention of the masses.

With each day comes a different report regarding the UK property sector giving positive and negative aspects which are making it very difficult for UK homeowners and UK investors to formulate a long-term strategy. Do they remortgage now and take advantage of low base rates or do they wait until the market falls further and reduce the amount they need to borrow?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details