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Realistbear

More V I Tripe: "cebr Cuts U.k. House Price Forecast, Says Values To Fall 1.7% In 2011 "

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http://www.bloomberg.com/news/2011-02-14/cebr-cuts-u-k-house-price-forecast-says-values-to-fall-in-2011.html

CEBR Cuts U.K. House Price Forecast, Says Values to Fall in 2011
By Scott Hamilton - Feb 14, 2011 12:05 AM GMT
The outlook for the U.K. housing market has become more gloomy in recent months, according to the Centre for Economics and Business Research, which revised its forecast to say prices will decline this year.
Home values will drop 1.7 percent in 2011 to an average 175,416 pounds ($280,578), compared with a November forecast for a gain of 2.2 percent, the London-based group said in an e- mailed report today. It cut its prediction for gains through 2014 to 9.1 percent from 16 percent.

Around my way Zoopla are showing 40% of sellers are reducing prices and they are not by 1.7% but by 8-10%. And that is so far this year.

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On the flip side if even the most idiotic bullish VI tripe is predicting falls, even small ones, that's all well and good. They can no longer even bring themselves to lie and ramp enough to have them going up - that would look too ridiculous even to themselves.

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On the flip side if even the most idiotic bullish VI tripe is predicting falls, even small ones, that's all well and good. They can no longer even bring themselves to lie and ramp enough to have them going up - that would look too ridiculous even to themselves.

Yup - it's a lot of hogsh1t...

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159432

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http://www.bloomberg.com/news/2011-02-14/cebr-cuts-u-k-house-price-forecast-says-values-to-fall-in-2011.html

CEBR Cuts U.K. House Price Forecast, Says Values to Fall in 2011
By Scott Hamilton - Feb 14, 2011 12:05 AM GMT
The outlook for the U.K. housing market has become more gloomy in recent months, according to the Centre for Economics and Business Research, which revised its forecast to say prices will decline this year.
Home values will drop 1.7 percent in 2011 to an average 175,416 pounds ($280,578), compared with a November forecast for a gain of 2.2 percent, the London-based group said in an e- mailed report today. It cut its prediction for gains through 2014 to 9.1 percent from 16 percent.

Around my way Zoopla are showing 40% of sellers are reducing prices and they are not by 1.7% but by 8-10%. And that is so far this year.

If CEBR is predicting a fall things must be bad!

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Last week the Evening Standard was predicting that house prices in London would double by 2016. How we all laughed over lunch the next day!

The figures came as one firm of property specialists forecast that prices in central London could double even from their 2008 highs by 2016. Naomi Heaton, chief executive of property investment advisers London Central Portfolio, said prices in central London had returned to their long term trend of doubling every eight years after the "blip" of the crash from early 2008 to spring 2009.

http://www.thisislondon.co.uk/standard/article-23922100-the-average-detached-family-home-hits-the-pound-1m-mark---and-that-includes-this-bungalow-in-hendon.do

Must be true.

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Naomi Heaton, chief executive of property investment advisers London Central Portfolio, said prices in central London had returned to their long term trend of doubling every eight years[/Quote]

Is this bird for real? How does doubling once in one 8 year period make it a long tern trend? She is surely some sort of retard? Or the article is a wind up?

The aveage house price would £5m in after about 30 years!

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  • 311 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%



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