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Deloitte expect house prices to drop 8% in 2008
merlinthehappypig
Posts: 1,106 Forumite
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merlinthehappypig wrote: »
You crazy fool.
Property only EVER goes up. *
*data only available from 1997 onwards.0 -
The 8% figure is for 2009 Thet're forcasting a drop of 4% for 2008.0
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15-20% without question.0
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I just read a report that says prices will drop 5.5% in 2008
NOBODY KNOWS
I predict a drop of 7%........but I don't know either0 -
donkeyman18 wrote: »15-20% without question.
nope the report definitely says 5% then 8%, so as per the thread title that's what Deloitte thinks0 -
I'm not sure the BBC report is accurate.
I had just listened to the interview with the report's author and he definitely said 8% in 2008. The BBC reports does say differently. I couldn't find any other link than the BBC one so posted that.
I didn't read it or check it for accuracy first!
Perhaps someone else can find a link to the actual report or press release?
It is all academic to an extent as no-one does know, but reports like this might just help increase the fear factor amongst sellers, which, in itself, will reduce prices anyway.0 -
http://business.timesonline.co.uk/tol/business/economics/article3261301.ece
Deloitte’s quarterly economic review predicts that house prices will slump by 5 per cent this year and 8 per cent next year.0 -
I think that sounds about right0
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I predict Aliens from Mars will land this year or next.........0
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