Tuesday, Dec 23, 2008
HP's to fall 10% - A rather optimistic assessment from Daily Mail
Mail: House prices set to fall a further 10 per cent and 140,000 families 'will lose their homes'
''Around 140,000 families will be evicted from their homes over the next two years, a grim forecast warned yesterday.
It predicts that 70,000 families will be evicted next year - and the same number will lose their homes in 2010.
This means the number of repossessions will be close to the highest level recorded in Britain in a 24-month period. The forecast, from the property information firm Hometrack, also raises fears that the housing market meltdown will worsen next year.
Its data shows prices have fallen 9 per cent this year, with a further 10 per cent fall expected in 2009. In 2010, they will drop a further 3 per cent.''
Posted by hpwatcher @ 05:57 AM (779 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark wadsworth said...
HPW, to be fair, the DM are now admitting that prices might contrinue falling for another two years.
We know that HT's statement "prices have fallen 9 per cent this year" is hogwash (call it eighteen per cent, shall we?), but "two more years" is realistic.
2. crunchy said...
If house prices went to zero, we would not be compensated for the inconvience and future turmoil that awaits us.
3. crunchy said...
Professor.... my answer to your ?
is at the bottom of http://www.housepricecrash.co.uk/newsblog/2008/12/blog-solutions-for-the-world-crisis-20610.php?comment=added
for what it's worth.
4. Alan Lubin said...
where did all the comments go? this morning there were 35 largely negative comments at the bottom of their article. now (unless my browser is playing up) there are none.
5. andrew said...
Is this the Daily Mail, didn't they forget to add a paragraph blaming all those nasty hard working Eastern Europeans for something or other ? You know the group of people that can be scapegoated because race relations will not be after you.