Real estate is RECOVERING!!! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The downturn in the housing market may be followed by growth in...UK property is on the mendThe downturn in the UK housing market may be followed by growth in London and the South-East of the country by 2012. This forecast is expressed by British intelligence Agency "Savills".According to the Agency, in the period from 2008 to 2020, the average growth rate in the South East of Britain is now 79%. The market of Scotland also recover by 2012, and growth in the period from 2008 to 2020 will average 47%.However, the situation on the housing market in Northern Ireland and the North-East of Britain will not significantly improve by 2016, and the average growth in the period from 2008 to 2020 will reach 33% and 19% respectively.The Agency emphasize that the current recession will last at least another year. However, it is caused by reduction of lending and not the long-term decline of demand or purchasing power.