When will the UK property market recover?

Experts, analysts, forecasters, crystal ball gazers – call them what you will, the pundits are all laying different odds on when the property market will return to the peak levels of 2007. Most predictions agree that the recovery will begin in 2010, but the Centre for Economics and Business Research argues that levels won’t return to their previous heights until 2013, while Capital Economics predicts prices will fall by 35 per cent which could take a long time to recover from. Estate agents are not expecting house prices to return to their peak levels until 2018/19.