Monday, Sep 14, 2009
Common sense from the ITEM Club
Telegraph: House price rise is 'false dawn' warn economists
"The reason behind the double dip, according to ITEM, is that a shortage of homes for sale has driven prices up and that once those buyers with access to big deposits dry up, there will be nothing left to support growth.
“A small number of cash-rich buyers have supported prices, but the supply of these funds is limited, which means prices are likely to dip again in the first half of next year,” said Hetal Mehta, advisor to ITEM. "
Posted by voiceofreason @ 08:42 AM (323 views) Add Comment
1 Comment
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1. jack c said...
Similar story running in today's Times titled - House prices ‘will take five years to return to peak’
The comments section is well worth a read
Source :- business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article6833095.ece