2010 could see property market bounce back

Posted: 27 Nov 2008 11:25:57 GMT

The UK property market could once again begin to rise in value from 2010 onwards, asset management company Schroders has predicted.

All sectors of property are likely to benefit from a rise in prices once the market hits a low at which point investors will once again see fit to put money back into property, the company has said, adding that it believes this will occur in the next 18 months.

Head of property at the company William Hill said: "There are signs we might get some stability in the prime end of the market from the end of next year leading to a recovery in 2010, and that could be attractive to buy."

The government this week made similar predictions regarding a rise in house prices, stating that they will rises from 2010, although many analysts in the private sector have, in recent months, tended to suggest this would happen between 2011 and 2013.

Homeowners hoping to sell their property may wish to avoid expensive estate agents to entice buyers into a better deal and avoid the current 12-weeks it takes to sell a home.

Selling a home online could increase the number of potential buyers that see the property, speeding up the process significantly.

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