Expected healthy growth in US house prices in 2010 bodes well for the UK market, figures suggest.
According to UKValuation - a subsidiary of First American CoreLogic - there will be a 0.7% boost in the US housing market this year. James Neave, managing director of UK Valuation, says US house prices are viewed by many as a leading indicator of UK housing trends. "US house prices started falling early in 2006, and the significant falls in the UK only started in mid-2007," he says. "This bodes well for the UK if we are again to follow the US trend." UKValuation says when excluding distressed sales, the figure rises to 1.4% growth and by excluding the State of Michigan (set to see ...
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