A poll carried out by Reuters on Tuesday revealed that British house prices, at least those outside London, won't rise for at least another year. The study attributes this to high unemployment levels and poor bank lending conditions.
Average home prices, which fell a fifth in just two years from their peak in 2007, are expected to fall a little over 1% this year and stagnate in 2013. According to the consensus from a regular survey of 25 market watchers, taken over the past week, the report surmises the poor outlook for the housing market.