NIESR: House prices to fall over the next 5 years

Wookster

House prices will fall over next five years, says Niesr

House prices will fall in real terms over the next five years as inflation outstrips meagre rises in property values, one of the country’s most respected forecasting bodies has warned.

http://www.telegraph.co.uk/finance/economics/houseprices/7913776/House-prices-will-fall-over-next-five-years-says-Niesr.html

Surprised that hamish hasn't posted this yet

chucky

Wookster wrote: »

http://www.telegraph.co.uk/finance/economics/houseprices/7913776/House-prices-will-fall-over-next-five-years-says-Niesr.html

unfortunately falls in real terms still means that house prices will/may rise

NIESR’s figures show that although average house prices are expected to rise from £194,235 last year to £213,091 in 2015

while peoples disposable income that they will use to create a deposit and also pay all other expenses will be reduced...

The forecast will add to families’ woes as they face higher taxes and lower wages that even the Treasury predicts will grow more slowly than inflation for the next three years

out of the groups of people it looks like it's going to affect FTB's who wait more than anyone else...