Friday, Oct 16, 2009

Phew Something Bearish

TELEGRAPH: House prices to fall 10pc in 2010

Capital Economics is predicting that house prices will fall by 10 per cent next year and 5 per cent the following year, taking the average price from £163,500 – on the Halifax house price index – to below £139,000 by the end of 2011.
Its pessimistic outlook on house prices follows two weeks after the ratings agency Fitch predicted house prices had a further 17 per cent to fall. Fitch argued that prices, despite their fall from the peak of the summer of 2007 when they hit £199,000, were still too expensive, when compared with the average earnings of British workers.

Posted by sybil13 @ 07:46 PM (1207 views)
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6 Comments

1. smugdog said...

Zzzzzzzzzzzzzzzzzzz

Friday, October 16, 2009 08:26PM Report Comment
 

2. smugdog said...

Oh, you will so be left behind, the propaganda is deafening. Make your own minds up, don't rely on so called "experts", they will burn your simple minds.
I am asked "Am I serious"? you bet ya I am.

Friday, October 16, 2009 08:36PM Report Comment
 

3. clockslinger said...

What is that I hear, Capital Economics, "Wolf, Wolf"?

Friday, October 16, 2009 08:45PM Report Comment
 

4. sold out said...

can anyone else sense the fear in smugdogs comments?

getting a bit worried are we?

you missed the boat,the final chance to sell?

Friday, October 16, 2009 11:13PM Report Comment
 

5. stillthinking said...

As usual, a fall in house prices is seen as a fate worse than death for the economy.

Friday, October 16, 2009 11:21PM Report Comment
 

6. quiet guy said...

@smugdog

"the propaganda is deafening."

That's something I'd normally associate with property ramping. Are you suggesting that the mainstream media are talking down house prices? Including the smaller papers that totally rely on property advertising to exist? The idea that HPC has a 'deafening' media on its side seems very out of place.

@stillthinking

"a fall in house prices is seen as a fate worse than death for the economy."

It would be the end of the road for some of our banks and building societies. Capitalism is only popular in the boom times.

Saturday, October 17, 2009 01:25AM Report Comment
 

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