Thursday, Jul 08, 2010
And fall they will
Yahoo: House prices will fall in 2011
Prices will close 2010 below their end 2009 level and we expect them to continue falling in 2011.
Howard Archer, an economist at Global Insight, said: It is hard at this stage to be optimistic about house prices in 2011 as the fiscal squeeze will increasingly kick in, which will hit people's pockets and lead to serious job losses in the public sector.
Posted by mark @ 11:34 AM (487 views) Add Comment
1 Comment
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1. George said...
absolutely right house prices will go down in 2011 by 25%, it is due to job losses and pay pension deductions. nobody will able to pay mortgage and afford to pay today's house price in 2011. just to let you know to new buyer do not rush to put yor cash in black hole where you may have to lost 25% down next years.