The prices in the home segment may see a downward slope in the UK in coming time
/24-7PressRelease/ - LONDON, UK, September 30, 2007 - According to the Royal Institution of Chartered Surveyors, the home prices in the UK are likely to remain stable over the next one year or so. There are 10 per cent chances of a housing market crash as it happened 27 years back. The UK housing market is susceptible to the prevailing market problems since a large proportion of mortgage holders have variable-rate mortgages.
Even those who have taken out secured loans and personal loans are also affected by the recent rate rises. All three major players in calculating house prices - the Halifax, Nationwide and the Land Registry - said that hosing market has slowed down. The RICS is expecting a stable to 3 percent growth in the coming year.
The chief economist Simon Rubinsohn said that there were 20 per cent chances of a 10 per cent fall in home prices in London over the next one year. For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.loans-park.co.uk/
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