London, England (Jan 11, 2010) - Decision Homebuyers, one of the UK's most trusted and flexible home buying specialists, report on this year's rise in house prices - and how the trend is set to stall.
The housing market was one of the largest casualties of the global recession, but there seemed to be light at the end of the tunnel during mid-2009 when, according to Halifax, house prices rose by 8.5% since April from a drop of 23% over the previous two years. This upturn was due to record low interest rates and a lack of properties on the market.
However, Kate Barker, who helps to set interest rates at the Bank of England, says she would be "surprised" if this rise were to follow on to 2010 and she predicts that housing activity next year will remain low and conservative. She also predicts that prices won't be subjected to much change, which will likely create a stall in the recent housing upturn.
"This news just goes to show how fragile the economy still is. People are now finding that they are being given one prediction by one industry body, yet are fed a line of spin by another," says Laurence Smith of Decision Homebuyers. "It will take a long time before the housing market finds it feet again, but we're proud that our services when people are looking to sell a house quickly are there at Decision Homebuyers to help people who are confused about the state of the current market. We're happy to offer our advice and help to anybody who has a query when they're looking to sell their house quick."
To find out more about Decision Homebuyers and their services please call 08456 341 456 or visit: http://www.decisionhomebuyers.co.uk/
