Wednesday, Mar 11, 2009
Latest news on Residential Property Futures (p3)
SPREFS: House Prices Only 35% Higher by 2028?
The derivative market took the “statistical blip” that was the increase in the Halifax HBOS (err, Lloyds) HPI from Dec-08 to Jan-09 in its stride.
Forward prices for one thru three years were little changed but average UK house price for five years hence fell £4,795 to £119,864. Basically the derivative market expects the average UK house price to 20% lower than current prices by 2010, 31% lower than current in 2012 (the low) and 28% lower than current five years.
Posted by mark ainsworth @ 09:26 AM (572 views) Add Comment
3 Comments
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1. techieman said...
Nice post mark
2. Eiji said...
So thats 51% falls by 2012?
3. This comment has been removed as it was found to be in breach of our Blog Policies.