Thursday, May 29, 2008
I predict -15% to -20% overall this year, then further -10% next as things level off.
Find a property: Market Will Recover By 2010
In a new forecast for the residential market, the estate agency predicts that the economy will progressively weaken over the course of the year and remain soft in 2009. This slowdown will have an inevitable impact on the housing market, but only in the short-term. Price falls will moderate to just 1-2 per cent in 2009 and will climb again in 2010 by 2-4 per cent. Looking further ahead, they forecast that UK house price growth will then surge towards ten per cent by mid-2012 and average around eight per cent a year from 2011-2013.
> A bit simplistic but shows that VI sentiment has turned somewhat. I don't expect to see any 'rise' in value from the trough for at least 5 to 7 years
Posted by rental john @ 05:49 PM (29 views) Add Comment
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