Tuesday, April 7, 2009
Housing green shoots to die
Four very good reasons why UK house prices are going to drop. THis article suggests another 15% drop over the next 4 to 6 years. "In the last few days, some green shoots have appeared in the housing market. The Bank of England has reported a rise in mortgage approvals, and the Nationwide Building Society says that prices rose 0.9 per cent in March. These green shoots, however, are likely to die. The chances are, house prices will continue to fall. I say so for four reasons...."