Friday, Jun 19, 2009
Friday afternoon at the Comedy Club - BSA top of the bill
FT: Property prices expected to rise 1.4% this year
Property prices are expected to rise by an average of 1.4 per cent over the next year, according to the latest Building Societies Association (BSA) property tracker survey. The survey found that cautious optimism has returned to the housing market, as respondents predicted a 6.1 per cent fall in prices in the March survey and forecast a 7.1 per cent fall in June 2008.The latest study also found that an increased proportion of people also now believe that it is a good time to buy. Fifty-nine per cent of people agree or tend to agree that now is a good time to buy, compared to 54 per cent in March and just 27 per cent in June 2008.
Posted by jack c @ 11:43 AM (751 views) Add Comment
6 Comments
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1. Gruppenfuhrer said...
Do people think it is a buyers market? Well prices are down so err yes.
Do people realise they would not be able to get finance or sell their property? NO.
Forgive them lord, they know not what they say.
2. Hiphater said...
Hundreds of thousands losing their jobs each month....
Banks turning down more mortgage applications than ever.....
People being asked to take a wage freeze or wage cut.......
Yes everything seems in place for prices to rise- not.
They just don't get it. There's a shortage of good properties so they are holding their price
3. hpwatcher said...
ZZZzzzzzzzzzzzzz
4. mark wadsworth said...
Yup. And how accurate were their forecasts for 2007 and 2008?
5. timmy t said...
Posters on this site should make a prediction. We could then figure out the average and see if the FT will print that - or will they just claim we have a vested interest? I predict a 9% fall.
6. nomad said...
Look at the ad at the top. "Claim your free property course here".