Lloyds: No improvement for U.K. property market next year

11/3/2009 | Bloomberg

The United Kingdom's property markets will continue to struggle throughout 2010, according to Lloyds Banking Group Plc. "We currently expect residential house prices to be flat in 2009 and 2010," the London-based bank said. Commercial real estate values, which fell 15% this year, also are expected to be flat next year.

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