Tuesday, Dec 23, 2008
Comedy club chief in festive spirit
Mortgage Solutions: Assetz forecasts mid-2009 bottom of the market
Assetz has published its 2009 housing market forecast, predicting house prices will continue to fall modestly in the first half of next year with the bottom of the market likely to begin forming after the summer. In a positive set of predictions, the firm suggested there will be substantial increases in property sales compared to figures for the second half of 2008, while interest base rates will continue falling into the early part of next year - to 1% at the January Monetary Policy Committee meeting and possibly to as low as 0% by spring 2009.
The firm also predicted bank lending levels will increase in 2009 with a flurry of announcements from banks in the first three months of the year.
Posted by jack c @ 01:47 PM (605 views) Add Comment
6 Comments
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1. the haunted said...
Of course there will and Gordon Brown will guide us out of the recession by August 2009. Panick over.
2. Letsgetreadytotumble said...
I emailed John Fitzsimons with suitable comments. Does anyone else bother?
3. jackas said...
I wonder if Stuartz Lawz has ever wondered what he'll do with his property millions when it's worthless due to hyperinflation caused by the irresponsible monetary policy he advocates?
Probably not, because he is a fool.
4. will said...
Should there be a 'substantial rise in the property market' , I would conclude that the market is being manipulated beyond normal forces.
5. denzil said...
Didn't Assetz predict a 10% rise during 08? That just highlights the fact that the year Assetz predicated correctly was more to do with luck than judgement.
6. little professor said...
Denzil - to be fair, he only predicted a 5% rise for 2008. And the rest of the jokers got it wrong, too - apart from Morgan Stanley, although even they were too optimistic.
Predictions made in December last year: