May 8 (Bloomberg) -- Nyasha Kuwana won’t be taken in by signs of recovery in Britain’s battered housing market.
“I think the market may get worse,” said Kuwana, a 29- year-old insurer who put off her search for a one-bedroom flat in West London earlier this year. “I will be no worse off buying in six months.”
A 17 percent slump in prices since their peak last year and the lowest interest rates in the Bank of England’s history have stoked optimism among banks such as UBS AG and real-estate agents that buyers will soon return. Mortgage approvals rose to a 10-month high in March.
