Monday, May 18, 2009
Monday night at the Comedy Club with Cluttons
Mortgagestrategy: Cluttons predicts house price growth from 2011
Cluttons has adjusted its Central London housing market forecast to predict a 10% fall in prices in 2009 with a levelling off in 2010, followed by a return to positive house price growth in 2011. The predicted peak to trough fall in Central London has been moderated to -27% from September 2007, compared to -29% in its previous forecast published in February 2009. It believes strong demand from international purchasers and a more limited supply of property than expected, given the loss of wealth and jobs in the capital, have led to this moderation in the overall fall in values.
Posted by jack c @ 03:33 PM (440 views) Add Comment
1 Comment
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1. will said...
Why do estate agents decide whether or not house prices will rise or fall? They are after all only selling houses for us. They denied any correction would occur, now they they can tell us when they will rise.