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In 2011, a house in the UK will fall in price by 10%

02.11.2010
Homesoverseas.ru editorial office
44
The company Capital Economics believe that housing prices in the UK will continue to decline in 2011, the year they will fall by another 10%. Among the reasons for price reduction experts called the company's difficulties in obtaining mortgages and weak economic indicators in the country. In the company notes that many people in the country, buying a home can not afford it, and prices will have to fall by at least 20% to be made available to the British. The gap between current prices and possibilities of the British led to the crisis in the primary housing market. According to the Federation of housing builders now to buy a new house worth 178,130 euros a young family want to make 42 750 euros as the first payment, and for five years on a monthly basis to give as a mortgage payment to 45% of their income. On this Site www.propertywire.com
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