Debate House Prices
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Traders predict house prices will fall by 50% in four years
Zammo
Posts: 724 Forumite
http://www.guardian.co.uk/business/2008/jun/09/housingmarket.houseprices
Great new for all you money saving fans out there.
:money:
The slide in house prices will continue for at least three years and crush the value of a home by almost 50% in real terms, according to a key index of property price futures. Indications from futures trading on long term property prices shows that the average UK home will recover its current value only in 2017.
Great new for all you money saving fans out there.
:money:
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Comments
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Only 8 months to go...0
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Oh crikey, you found the one thread I didn't!!!!
Still, had no responses the first time. Probably just as well.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Seems as if this article was too optimistic.House prices will then begin a slow climb back to current market values over a period of about six years.
By 2017...............0 -
The Article is from 2008 ?? :doh:0
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Complete tosh .................. however nice it would be to trust it!!Bringing Happiness where there is Gloom!0
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"By the end of this year prices will be down by 10% and by a further 10.5% in 2009, according to the index. Prices will keep dropping through 2010 and cut values by 23.5% when they hit rock bottom in 2011"
Yeah, right, that's happened hasn't it?
Bringing Happiness where there is Gloom!0 -
"By the end of this year prices will be down by 10% and by a further 10.5% in 2009, according to the index. Prices will keep dropping through 2010 and cut values by 23.5% when they hit rock bottom in 2011"
Yeah, right, that's happened hasn't it?
Probably has in some areas, but their still falling in these areas so rock bottom has yet to be achieved.0
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