PricewaterhouseCoopers analysis on housing market in the UK showed house prices might not recover until 2024. Housing market peak was in 2007 when average price for real property stayed at GBP 197 000. Though in June 2012 average house price was equal to GBP 162 417. PwC experts predict that by 2017 prices will recover in cash terms, while by 2020 real term prices will be still 7% below the per-crisis level. Moreover, GDP growth is very flat in the UK this year, while in 2013 it is expected to be only 1.7%