Monday, Oct 29, 2007
2008 the rot really sets in
Reuters: House sales set to drop in tough 2008
House price growth is likely to slow to just 1 percent in 2008 from 7 percent this year, and there will be a 15 percent drop in property sales, the Council of Mortgage Lenders (CML) has forecast.
Posted by flamepoint @ 12:05 PM (753 views) Add Comment
9 Comments
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1. Disillusioned said...
1% - that would be way below inflation then! They're losing money!
Ha ha ha ha ha ha ha ha ha ha ha ha!
2. The Reaper said...
'House price growth is likely to slow to just 1 percent ' at least they'll still be going up hey!
3. uncle chris said...
They just can't bring themselves to admit that prices are and will continue to fall - sorry ..... correct.
4. dohousescrashinthewoods said...
Aye, softening stance but not letting the cat out of the bag yet.
5. Ill_handle_it said...
Hope springs eternal ! Only 1% ! Add a Zero and stick a minus symbol in there !
6. Davros said...
It's funny how it reaches 1% rather than going negative isn't it?
7. sovietuk said...
Surely being over optmistic about the situation the whole time just lures more people to financial doom. Why can't some supposedly responsible bodies just be honest because most of their forecasting appears either dishonest or at best just demonstrstes incompetence.
8. Paulc said...
House prices flat, stocks and shares unsafe whats left? How can you make money. Could always try working for a living now thats original Ha HA ha
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