Thursday, Sep 25, 2008
Some honesty at last! They have got a long way to go!! Down that is!!
IFAonline: Pointless to call bottom of house price crash - CML
It is ‘futile’ to make predictions of how far property prices will fall given the current market turmoil, says the Council of Mortgage Lenders (CML).
Earlier this year, the CML predicted property price would fall by 7% during 2008, but recent reports suggest prices have already fallen by 12.7% and are set to fall even further in the next few months.
In the latest CML News & Views newsletter, the industry association says the current market outlook is too uncertain, and the CML cannot commit itself to any further predictions.
Posted by housebear @ 11:24 AM (167 views) Add Comment
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