The UK real estate sector is expected to slow going into 2011 before expanding again in 2012, it has been claimed.
Individuals looking to buy property in the UK are sure to be interested in the latest predictions made by property consultancy firm Cluttons.
Home values in the first six months of 2011 are predicted to fall before stabilising during the second half of the year, the company said in a report.
Added to this, the market is forecast to return to strength and post growth of four per cent in 2012 and five per cent in 2013.
"The balance of power in most locations in the mainstream UK housing market has moved back firmly into the hands of purchasers, placing downward pressure on prices," said Andrew Stanford, head of Cluttons' residential consultancy division.
"We expect this dynamic will be maintained over the next 12 to 18 months as austerity measures take effect.
Individuals looking to buy property in the UK are sure to be interested in the latest predictions made by property consultancy firm Cluttons.
Home values in the first six months of 2011 are predicted to fall before stabilising during the second half of the year, the company said in a report.
Added to this, the market is forecast to return to strength and post growth of four per cent in 2012 and five per cent in 2013.
"The balance of power in most locations in the mainstream UK housing market has moved back firmly into the hands of purchasers, placing downward pressure on prices," said Andrew Stanford, head of Cluttons' residential consultancy division.
"We expect this dynamic will be maintained over the next 12 to 18 months as austerity measures take effect.
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