Tuesday, Dec 22, 2009
Up to 10% is that all
Daily mail: House prices will FALL by up to 10% in 2010, top economists warn
Capital Economics has one of the most pessimistic forecast, expecting house prices to drop by ten per cent during 2010, followed by a further ten per cent slide during 2011 or 2011 and 2012.
Posted by sold out @ 05:45 PM (1692 views) Add Comment
9 Comments
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1. smugdog said...
More from the experts! - Groundhog year once again!
2. sold out said...
sorry smugdog are the experts from RICS more to your liking?
House prices will rise next year, says RICS
"The forecast by the Royal Institution of Chartered Surveyors suggested the value of a typical British home would end the 2010 “one or two per cent higher” than their current level."
http://www.telegraph.co.uk/finance/personalfinance/6857665/House-prices-will-rise-next-year-says-RICS.html
3. dill said...
What are you going to do when you're broke, smugdog?
4. fallingbuzzard said...
All contingent on interest rates yet no-one makes interest rate forecasts any more, not that they were ever accurate anyway
5. mander said...
Eventually they will run out of gas talking up the housing market. Now picture this the whole world is turning against house price inflation as a way to get rich because we are losing competitiveness to China this way and what are we exactly doing and on what are we spending our money in this picture?
6. quiet guy said...
sumgdog,
What do you expect to happen to house prices in 2010?
(This isn't an attempt at sarcasm; I'm just curious about what you think.)
7. Greenski said...
Capital Economics/Global Insight were hardly spot on for 2009. And they are the most pessimistic for 2010. I think flat or a small fall (max 5%) is most likely.
8. inbreda said...
@6 good luck with your question QG, but I don't think smugdog does substance. Although I do seem to remember some time ago he did put some sort of prediction down... I stand to be corrected, and I too am interested in SDs prediction and justification.
9. rumble said...
Is smugdog someone's alter ego?
"I don't think smugdog does substance"
Possibly crunchy's?