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.
House prices fell in April, figures show
Homeowners pondering whether to move or improve may be interested to hear the latest figures from the Land Registry.The statistics show there was a year-on-year fall of 16.2 per cent in the average cost of a home in England and Wales...
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