Saturday, Nov 24, 2007
Forecast for 2008 - Thunder storms
FT: Postcodes show which properties will do worst
Across the country the outlook is now bleak for property owners. New builds will suffer more than period homes. Quality always outperforms in a difficult market; bad news for the BTL then.
Posted by who stole my pension? @ 06:36 PM (314 views) Add Comment
1 Comment
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1. Rimmer said...
What utter trash.
My prediction for end of 2008 >>>>
London down 5% ( taking RPI = 10% overall )
Southeast down 5 - 10% ( taking RPI = 15% overall )
Northeast and Northwest down anywhere up to 25% ( taking RPI = Up to 30% )
Hotspots ( flats in Liverpool etc ) down anywhere up to 50% ( taking RPI = Up to 55% ).
Understand the markets and demand, who in there right mind is going to consider 100K plus for a pad in a less than prime area must be bonkers, a falling market will confirm it - moderate corrections might apply to prime properties but others will fall by the way side.