January 2011 | According to Jones Lang LaSalle the current housing market downturn will be shallow and short-lived. Forecasting that UK house prices will fall marginally outside of London in the near-term, but will be rising again by 2012. Moreover, Jones Lang LaSalle believes that UK house prices will be increasing evenmore strongly during 2013-2015, led by the south and London in particular, with the balance of risk firmly on the upside.

Key points from the report:

2011
Weak housing mark sentiment will lead to price falls early in the year but great stability and some price rises will emerge later.

2012
Positive UK house price growth will return as the economy strengthens and negative influences fade. London will outperform.

2013-2015
Higher housing demand will conflict with low jousing supply to deliver strong house price growth despite stretched affordability.

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