Jump to content
House Price Crash Forum
Sign in to follow this  
The Masked Tulip

Invesco's Woodford Says Chances Rise For Double-Dip

Recommended Posts

http://www.reuters.com/article/idUSLDE68D0N920100914

LONDON, Sept 14 (Reuters) - Invesco's Neil Woodford, one of the UK's top fund managers, added his voice to those with gloomy predictions for the UK economy, saying a double-dip recession has become more likely and house prices face three years of falls.
He said the threat of deflation was a more challenging issue than inflation, and that interest rates in the UK would likely stay at their record lows for a "considerable amount of time".

He expects house prices in the UK to fall this year and next, and possibly the year after, even though he was taken aback by their resilience in the wake of the financial crisis.

"Frankly I've been surprised at how well house prices have held up. (But) with a lag, we are beginning to see some weakness in the market as more supply is coming on to the market. I expect house prices to continue to fall ... and that will put pressure on consumer confidence," said Woodford.

He said house prices could fall by between 5 percent and 10 percent per year over the next 36 months.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.