Tuesday, Apr 07, 2009
Housing green shoots to die
Investors Chronicle: Housing green shoots to die
Four very good reasons why UK house prices are going to drop. THis article suggests another 15% drop over the next 4 to 6 years.
"In the last few days, some green shoots have appeared in the housing market. The Bank of England has reported a rise in mortgage approvals, and the Nationwide Building Society says that prices rose 0.9 per cent in March. These green shoots, however, are likely to die. The chances are, house prices will continue to fall. I say so for four reasons...."
Posted by tpbeta @ 12:46 AM (376 views) Add Comment
1 Comment
- 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...
Good summary.
But if price-to-rent ratio is 27% above long term average and rents aren't rising, then prices would have to fall by around 20% to get back to the average.
And then there's the overshoot, of course ...