UK house prices to come down next year says Jones Lang Lasalle
Jones Lang Lasalle stated in their UK Residential report published yesterday that prices will close in 2009 at 0% growth while next year they will come down down again.
They explained that the market will not recover until 2012. Only in 2014 will the market grow again with London and southern regions picking up first.
The is very bad news for UK house holders who have suffered severely during the recession and the financial crisis.
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Mr Davies explained:
I ran into some debts as I lost my job during the recession last year. I got late on my mortgage payments. The bank called and said they will repossess my house unless I paid up the mortgage arrears. I wanted to avoid repossession and decided I needed to sell my house quickly as it would mean going to court and loosing my credit rating. I contacted Mega Quick Sale about doing a fast sale or house quick sell. They were very friendly and helpful. Thanks to their help and help I was able to sell my house quickly
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