The Times reported this week that there may be a small dip in UK house prices before the end of 2010. This is can be attributed to the fact that the average house price is just out of reach of first time buyers and with mortgage approvals at an all time low, the price correction will rebalance this reduction in demand.
It has also been suggested that there will be an increase in supply owing to the sale of buy-to-let portfolios ahead of the promised Capital Gains Tax (GCT) increase.
Full Article: http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article7142160.ece
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