UK property market will weather double dip storm
The country is back in recession following the second quarter of negative growth but UK property experts do not expect the property market to falter too much.
While some commentators speculate that a double dip is imminent and that house prices will go into free-fall the majority of economists suggest that the economy is more robust than at first glance.
Agents across many sectors of the market report better than expected levels of sales and the London property scene is still witnessing high levels of international buyers flocking to the capital to buy into what is considered a safe market. The price direction of London properties is still on the up although several other regions of the UK are noticing a level of price depreciation in the last few months.
Interest rates are expected to remain untouched in the coming months which should help to promote buyer interest.