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‘Sun Worldwide’ berates pundits suggesting that UK property is in full-fledged recovery.

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‘Sun Worldwide’ berates pundits suggesting that UK property is in full-fledged recovery. - Property Recovery - Analysis - Sun Worldwide - UK


(live-PR.com) - “Sun Worldwide” analysts are thought to believe that media reports suggesting that the UK property market is in the throes of a full-fledged recovery are demonstrating shocking irresponsibility.



The Asian-based investment broker points to severely depressed transaction levels as an indicator that there is a shortage of inventory on the market.

They also suggested that as prices rise in the short term, it is likely that more potential vendors will place their properties on the market. This is likely to create an excess of supply without a corresponding increase in demand amongst potential buyers which will inevitably see a resumption of price declines that has seen the average house price fall by some 25% since reaching a peak in January 2007.

“Sun Worldwide” analysts believe that UK house prices are set to fall by another 30% before leveling off.


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