Thursday, Oct 08, 2009

House prices still have another 17% to fall despite recent rally says agency

Daily mail: House prices still have another 17% to fall despite recent rally says agency

Fitch Ratings said it expected the value of property to fall by a further 17% from its current level, leaving prices 30 per cent below their peak in October 2007.
A drop of this level would knock an additional £28,000 off the average price of a home, leaving it at £134,000 on the Nationwide measure

Posted by mark @ 07:37 PM (918 views)
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4 Comments

1. paul said...

But of course the Daily Mail knows better than to believe that sh1t, eh?

Thursday, October 8, 2009 08:12PM Report Comment
 

2. japanese uncle said...

To me further 71% drop rather than 17% seems more likely, given the horrendously volatile financial market at the moment.

Thursday, October 8, 2009 11:28PM Report Comment
 

3. will said...

at least another 17% to the trend line - and another 10% below it.

Friday, October 9, 2009 08:16AM Report Comment
 

4. Tallgaze said...

I think 17% is about right. Economic conditions and unemployment are still bad and it's hard to get a mortgage but there is so much pent up demand, especially from first time buyers that as soon as people think they are getting a good deal prices will rise again (but not by much!).

Friday, October 9, 2009 10:25AM Report Comment
 

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