UK house prices will not reach 2007 peak until 2019

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Published by Max Salsbury for 24dash.com in Housing and also in Finance

Knight Frank has predicted that UK house prices will not reach their 2007 peak until 2019, creating the longest housing market recovery on record. The estate agent also predicts that housing transactions will rise by 2% in 2013, but will remain well below peak levels until 2020. Gráinne Gilmore, Head of Frank Knight's UK Residential Research, said: “Some five years after the start of the financial crisis, the housing sector in the UK still does not bear the hallmarks of a fully funct...

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