Tuesday, December 23, 2008
Comedy club chief in festive spirit
Assetz has published its 2009 housing market forecast, predicting house prices will continue to fall modestly in the first half of next year with the bottom of the market likely to begin forming after the summer. In a positive set of predictions, the firm suggested there will be substantial increases in property sales compared to figures for the second half of 2008, while interest base rates will continue falling into the early part of next year - to 1% at the January Monetary Policy Committee meeting and possibly to as low as 0% by spring 2009. The firm also predicted bank lending levels will increase in 2009 with a flurry of announcements from banks in the first three months of the year.