Monday, Dec 28, 2009

Chinese whispers

Xinhua: Economic uncertainty clouds prospects for British house prices

There is uncertainty over the likely state of the British housing market in 2010 with experts on Monday making contrary predictions.
Hometrack has issued a gloomy prediction of a 1% fall in house prices over 2010. Rising unemployment and pressures on household incomes are expected to outweigh inflationary pressures. Meanwhile the CEBR issued a prediction of a 2-4% rise in house prices for 2010, with a 15% rise by the end of 2012. As long as housebuilding does not keep up with demand, prices will rise, said spokesman Ben Read. The dramatic collapse in housebuilding in the last two years as a result of the financial crisis and the recession that came in its wake will feed through into prices over the next five years, he added.

Posted by little professor @ 08:33 PM (1047 views)
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1 Comment

1. mr g said...

Dodgy link LP.

My computer security tells me to avoid Xinhua like the plague!

Monday, December 28, 2009 09:01PM Report Comment

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