Saturday, November 24, 2007

Forecast for 2008 – Thunder storms

Postcodes show which properties will do worst

Across the country the outlook is now bleak for property owners. New builds will suffer more than period homes. Quality always outperforms in a difficult market; bad news for the BTL then.

Posted by who stole my pension? @ 06:36 PM (714 views)
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One thought on “Forecast for 2008 – Thunder storms

  • What utter trash.

    My prediction for end of 2008 >>>>

    London down 5% ( taking RPI = 10% overall )

    Southeast down 5 – 10% ( taking RPI = 15% overall )

    Northeast and Northwest down anywhere up to 25% ( taking RPI = Up to 30% )

    Hotspots ( flats in Liverpool etc ) down anywhere up to 50% ( taking RPI = Up to 55% ).

    Understand the markets and demand, who in there right mind is going to consider 100K plus for a pad in a less than prime area must be bonkers, a falling market will confirm it – moderate corrections might apply to prime properties but others will fall by the way side.

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