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DrMartinSanchez

House Prices Will Struggle For A Decade

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It will be 2020 before average house prices in the UK are back up at the previous peak levels, according to the latest UK Economic Outlook report by PricewaterhouseCoopers (PwC).

Working along a probability model, the firm has forecast that there is just a 50% chance of there being an increase in real terms in house prices by that point. Indeed, there is a decent chance of further short term pain to come, with the median probability of a 12% fall by 2015 from the 2007 peak.

So why is PwC so pessimistic? And is it right to be?

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So why is PwC so pessimistic? And is it right to be?

Dunno, but seems pwc.com can't spell rein-in on this website http://www.pwc.com/us/en/press-releases/pwc-predicts-global-downturn-will-reign-in-spending-related-to-super-bowl-xliii.jhtml

http://www.merriam-webster.com/dictionary/reign

- although it appears many a website makes the same mistake if you Google it

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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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