Tuesday, Jan 19, 2010
Reuters latest house price poll
Reuters: House price rises to taper off this year
LONDON (Reuters) - The dramatic slide in house prices has ended but economists in a Reuters poll only see them creeping back up over the next couple of years with a recent rally tapering off as sellers return to the market. Average house prices are seen rising 1.6 percent this year and then 2.5 percent in 2011, according to a poll of over 30 analysts published on Tuesday, in line with forecasts for consumer price inflation.
Posted by jack c @ 04:26 PM (984 views) Add Comment
4 Comments
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1. will said...
So house prices only fell for a few short months? I wonder how many new buyers were drawn into the market during that brief period.
As David Blanchflower has said - we are in an even larger house price bubble because of the job losses and wage decreases.
2. taffee said...
its a giant ponzi scheme.....like tulips from amsterdam...mark my words
3. mr g said...
"The dramatic slide in house prices has ended but economists in a Reuters poll only see them creeping back up over the next couple of years with a recent rally tapering off as sellers return to the market.
Average house prices are seen rising 1.6 percent this year and then 2.5 percent in 2011, according to a poll of over 30 analysts published on Tuesday, in line with forecasts for consumer price inflation."
Well that's the housing market well and truly kn*ckered then, it will probably drop like a stone.
These clowns' forecasts are as accurate as the Met Office when forecasting a "barbecue summer" or a mild winter.
4. Crunchy said...
'The dramatic slide in house prices has ended.'
Dramatic for some, dreamatic for others. So all is hunky dory now whilst the true backlash draws nearer from the hidden abyss.