Us property market 'will improve'

There are signs of improvement in the US property market, despite the ongoing uncertainty over the sector's long-term future, according to experts.

BuyAssociation has predicted that eventually the property investment market will strengthen, although there are likely to be price falls in the short-term.

These comments come after the latest Standard & Poor's/Case-Shiller index revealed that house prices have reached a new post-recession low, slipping by an average of 4.2% during the first three months of the year.

Paul Collins, editor at BuyAssociation, explained that "positive signs" such as recent unemployment data are evidence that the US market could recover.

Source: Assetz International