Thursday, December 20, 2007
I’m afraid we have got it all wrong
The Royal Institution of Chartered Surveyors predicts UK house prices to remain stable in 2008. It also predicts repossessions to hit 45,000 next year from 30,000 in 2007.Although RICS foresees little change in prices over the course of next year, RICS acknowledges that the market could experience some short-term weakness. RICS does not believe that any drop in house prices will be lasting - Well a long vacation in Japan might alter this view !!