Thursday, Aug 27, 2009
Where do we go from here?
BBC news: Head-to-head view on house prices
Jonathan Davis and Ashley Brown answer questions on what to expect next in the housing market. Some of this might be re-hashed from earlier interviews.
Question: If I buy now, am I buying at the bottom of the market?
AB: In my opinion, the very bottom of the market was reached several months ago, when cash buyers and professional property investors were having a field day.
JD: No. When the government stimulus ends there will be nothing holding up the market. Prices will fall 20-30% from here to 2011/12.
Posted by katalan @ 03:04 PM (352 views) Add Comment
4 Comments
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1. mystie010 said...
I just hope that JD is right :-)
2. Smiling said...
I wonder what would happen to the cash cow that is HPC if JD said prices had bottomed, it would be like turkey's voting for Xmas, 'vested interest'- you decide!
3. Bricor Mortis said...
I fear the stimulus continuing for a long time in an "anything but deflation " mindset.
4. doomwatch said...
At least the BBC are recognising another opinion other than the "property expert" EAs and lender cheerleaders.
I think the traditional "property expert" have lost credibility with the likes of Phwil going bust.