House prices 'will remain low'
Recent figures show house prices may have stabilised in May, but one expert has suggested they could remain low for a significant period.
Hometrack research revealed property values remained constant between April and May - the first time this has occurred in 20 months.
However, Savills director of residential research Lucian Cook suggested the average cost of £155,600 is historically low and could remain as such for a while.
"I think you could see odd months where you see rises and you see falls," he predicted, as opposed to a straightforward bounce back.
Those waiting for the market to recover before selling could be waiting a while, if Mr Cook's predictions are correct.
Some may decide to invest in a home improvement such as a conservatory, which a recent Halifax survey found to be perceived as the modification likely to add the most value to a property.
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The Royal Institution of Chartered Surveyors (Rics) has responded to the news that house prices rose again in May by suggesting the market may now be stabilising.Property values have fallen considerably over the past 12 months and...
Property market 'won't recover until banks start lending'
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Banks should be encouraged to offer more mortgages at decent rates if the housing market is to recover, it has been suggested.Home Builders Federation head of communications Steve Turner explained the industry needs to have people...
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