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Debate House Prices
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House price predictions roundup for 2009
poppy10_2
Posts: 6,588 Forumite
The Rat and Mouse has their annual roundup of the house price predictions for the forthcoming year.
First let's look at what they were predicting for 2008:
And now this is what the main players are predicting for 2009:
Nationwide have refused to make a prediction, saying the market is 'too volatile'. Halifax have also refused to make a prediction, saying that because they are merging with Lloyds TSB it would not be appropriate. The Council of Mortgage Lenders also refused to make their usual forecast for 2009, saying it would be "futile."
Let's see if we can do any better
First let's look at what they were predicting for 2008:
And now this is what the main players are predicting for 2009:
Nationwide have refused to make a prediction, saying the market is 'too volatile'. Halifax have also refused to make a prediction, saying that because they are merging with Lloyds TSB it would not be appropriate. The Council of Mortgage Lenders also refused to make their usual forecast for 2009, saying it would be "futile."
Let's see if we can do any better
poppy10
What will happen to prices over 2009 78 votes
Up 5% or more
2%
2 votes
Up 0-5%
0%
0 votes
Down 0-5%
1%
1 vote
Down 5-10%
12%
10 votes
Down 10-15%
37%
29 votes
Down 15-20%
25%
20 votes
Down 20% or more
20%
16 votes
0
Comments
-
I don't think it is appropriate for me to make a prediction as I have not studied fractional reserve banking sufficiently.0
-
Its down to the cash aint it, fictional or fact its going up0
-
Nationwide say we are at 04 prices now apparently. Nethouseprices not working so I can't check it out. Meanwhile cash burning holes waiting to buy again.
I came in to this world with nothing and I've still got most of it left. :rolleyes:0 -
Its down to the cash aint it, fictional or fact its going up
Could you explain what you mean? You lost me....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
They are going down, 15-20%, I will put my house on it, when I buy.:D0
-
I'm voting for the 10-15% as we've only started the recession really along with job cuts etc....people are probably living on savings and credits cards at the mo....when that bubble bursts we will see more bad/good newsIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
I made a guess at 0-5%!!Squish0
-
Down 22% for me.....just for the year.....this year is going to be one hell of a ride..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Down 22% for me.....just for the year.....this year is going to be one hell of a ride..
well I hope your right more than I amIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
I voted: Down 20% or more
0
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