Tuesday, May 26, 2009
Green shoots that definitely have no roots
FT: London house prices could fall a further 18%
House prices will fall by further 14 per cent over the rest of the year with an additional fall of up to 3 per cent in 2010 despite the recent talk of green shoots of recovery. Meanwhile, values in central London could decline even further, by up to 18 per cent by the end of the year, according to Jones Lang LaSalle's latest UK Residential Market Forecast. James Thomas, head of Jones Lang LaSalle's residential investment team, said: "It is important to remember that the recent green shoots of recovery are still very green. The UK economy is still in dire straits and it is unlikely that the full impact of declining employment has yet to hit the housing market.
Posted by jack c @ 05:42 PM (1178 views) Add Comment
4 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. crunchy said...
FT: London house prices could fall a further 18%
lol ...Not 18.05% or 18.25% such is the nonesense of the clueless forecasters.
2. japanese uncle said...
As I said time and again, 'eighty' rather than 'eighteen' percent drop is possible.
The message here is, 'People, you had better start buying houses again when prices went down 18% more as that should be the rock bottom'. Utter rubbish.
3. crunchy said...
It seems that we are living in an era where the media think that they are more powerful than "negative" market forces.
They will find out that this fallout is not X-Factor where people get to vote on the outcome.
They will be rudely awaken when they realise the market is not so easily manipulated in deflation as it was when inflating.
Propety Porn to Property Pawn.
4. titaniccaptain said...
Talking of pawn.....nice to see one of my old predictions coming to light.......
http://www.dailymail.co.uk/news/article-1188388/Pawnbrokers-profits-surge-breadline-families-look-new-ways-make-ends-meet.html