Thursday, July 29, 2010

The forecast for UK house prices is positively jubilant!

The forecast for UK house prices is very depressing

While the National Institute of Economic Research has today issued a report regarding the UK property sector, with a forecast that house prices will fall by 8% in real terms by 2015, this is not the worst forecast currently in the marketplace. A report by Capital Economics today forecasts that the UK property market could fall by up to 25% over the next two years wiping off almost £42,000 from the value of the average home in the UK. Despite the fact that only a few weeks ago there appeared to be hope for the future, with competition returning to the mortgage market, the outlook for the UK property market has down turned after the emergency budget. But are we now in danger of talking ourselves into a property recession?

Posted by drewster @ 12:41 AM (1879 views)
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5 thoughts on “The forecast for UK house prices is positively jubilant!

  • tenyearstogetmymoneyback says:

    Love the comments underneath.

    Mine was flagged as spam !
    I guess their filter picked up on the word affordable

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  • Yes, this is jubilant, not “depressing”!

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  • Let’s hope CE are right for once, a 25 percent up fall over the next 2 years would do this country the world of good

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  • The comments keep rolling in..

    ..all in the same vein..

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  • montesquieu says:

    Here we go again … not heard since 2008 … ”it’s the meeja’s fault, we are talking ourselves into recession, sshhhhh, stop it at once’

    I was wondering when this line would re-appear.

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