Saturday, July 17, 2010

A little bear food

House prices could fall by 25% amid new lending rules may

THE housing market is on the precipice of a double dip as experts warn that new mortgage affordability rules could send house prices tumbling. House prices have levelled out in recent weeks after more than a year of increases and as evidence mounts that the recovery has stumbled, a growing number of economists are predicting a sustained fall that could last for up to a decade and shave up to 25 per cent off prices.

Posted by quiet guy @ 10:51 AM (1431 views)
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2 thoughts on “A little bear food

  • and shave up to 25 per cent off prices

    Err, ten years of price falls will be a lot more than 25% seeing as prices have gone up over 200%!

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  • This is just absolute nonsense… Billions and trillions have been pumped into the economy at a time of contracting output. One only needs to look at other asset classes in similar spectrum with finite supply (or inelastic supply as in housing) such as gold and oil to realise that there has been a significant revaluation of such assets. This will continue into the next decade.

    These so called analysts are living in cuckoo land. Especially so in the UK where there is a growing popullation, people living alone with a shortage of housing. Beggars belief to suggest house prices will fall.

    House prices will take off as they did in the mid-late 70s, mid-80s and mid-90s. Similarly since 2003 onwards. Wait till post 2012 and see the results…

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