Tuesday, December 29, 2009

Experts split on British housing market

LONDON, Dec. 28 (UPI) -- Divided property experts expect home prices in Britain to rise as much as 4 percent or fall as much as 7 percent in 2010.

Real estate research firm Hometrack said prices would likely fall 1 percent in 2010, while Jones Lang Lasalle forecast a 7 percent drop, The Times of London reported Monday.

But the Center for Economics and Business Research, Chestertons and Hamptons are all predicting prices will rise 2 percent to 4 percent in 2010.

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