UK house prices will fall around 19% in the next 18 months, predicts Jones Lang LaSalle. Prices are expected to fall by around 12% this year and a further 6 – 8% in 2009.
Head of residential research at Jones Lang LaSalle Neil Chegwidden believes house prices will return to end-2007 levels in early 2013. ‘We firmly believe that UK house prices will rise strongly following current uncertainties and that the next 18 months should be viewed as a great window of opportunity for those able to take advantage.’
Mr Chegwidden cites the undersupply of housing in the UK and London with the increasing demand from demographic factors as reasons why they believe house prices will recover strongly when conditions permit.
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You can’t always rely on the Great British summer — but you can rely on its watchesBritish watchmakers have excelled themselves in recent months — releasing bright and beautiful timepieces that you'll want on your wrist through summer, and beyond.
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Simon Jenkins: 50 years of saving Britain's buildings, from triumphs and disasters to the great country house we bought for £1In 1975, a new organisation was set up with the express aim of saving Britain's most beautiful and historic buildings from the wrecking ball. How has SAVE fared in the 50 years since then far? Simon Jenkins — who was involved as a trustee right from the very start — looks back on half a century of successes... and one or two painful failures.
