http://www.ft.com/cms/s/0/8863fc62-4...077b07658.html
Dwindling housing stock in the UK could lift property prices within the next two years, according to property experts.
With buyer demand still strong, the reduction in the number of new homes being built is exacerbating the declining stock of empty property across the country, said Nicholas Leeming, director of propertyfinder.com.
However, estate agents say house prices could start to rise again within 12 months if housebuilders continue to shelve plans for new developments. “Unless there is a major expansion in building, house prices can only go in one direction over the long term, and that is upwards,” claimed Leeming.
There you have it folks, the crash is over, time to fill yer boots on your next BTL "portfolio" and expect to be a millionaire very soon.
Dwindling housing stock in the UK could lift property prices within the next two years, according to property experts.
With buyer demand still strong, the reduction in the number of new homes being built is exacerbating the declining stock of empty property across the country, said Nicholas Leeming, director of propertyfinder.com.
However, estate agents say house prices could start to rise again within 12 months if housebuilders continue to shelve plans for new developments. “Unless there is a major expansion in building, house prices can only go in one direction over the long term, and that is upwards,” claimed Leeming.
There you have it folks, the crash is over, time to fill yer boots on your next BTL "portfolio" and expect to be a millionaire very soon.
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