DrMartinSanchez Posted July 24, 2011 Share Posted July 24, 2011 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? Full article Quote Link to comment Share on other sites More sharing options...
inflating Posted July 24, 2011 Share Posted July 24, 2011 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 Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted July 24, 2011 Share Posted July 24, 2011 And how long will wages struggle for? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted July 24, 2011 Share Posted July 24, 2011 And how long will wages struggle for? Until the UK worker can compete with a Chinese worker... Quote Link to comment Share on other sites More sharing options...
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