"Property prices can be a depressing subject for both home owners and those looking to get a foot on the property ladder. In fact, while estate agents Knight Frank have estimated that the average house prices in the UK will have actually risen by 1.3pc by the end of 2011, with inflation currently at 5pc, property values are falling in real terms.
We asked industry experts for their predictions for what 2012 would mean for the housing market. "
I think house prices will fall by 5pc over the first half of the year and then flat line over the second half. I believe there is a significant risk that house prices could fall more than this given the current weakness of the economy and worrying outlook.
Furthermore, we believe there are serious downside risks to this forecast and that house prices could well fall by more than 5pc given the current deteriorating economic situation and outlook.
We suspect that squeezed household purchasing power, a markedly weakening labour market and major concerns over the economic outlook will limit potential buyers and weigh down on house prices. And there is significant concern that banks' future ability to lend to homebuyers could be hit by difficult wholesale funding conditions. These factors are seen outweighing the support to house prices coming from extended very low interest rates. "
Source: House prices: What will 2012 mean for the housing market? - Telegraph
Crasy already FFS, just signed 12 months rent extension!
We asked industry experts for their predictions for what 2012 would mean for the housing market. "
I think house prices will fall by 5pc over the first half of the year and then flat line over the second half. I believe there is a significant risk that house prices could fall more than this given the current weakness of the economy and worrying outlook.
Furthermore, we believe there are serious downside risks to this forecast and that house prices could well fall by more than 5pc given the current deteriorating economic situation and outlook.
We suspect that squeezed household purchasing power, a markedly weakening labour market and major concerns over the economic outlook will limit potential buyers and weigh down on house prices. And there is significant concern that banks' future ability to lend to homebuyers could be hit by difficult wholesale funding conditions. These factors are seen outweighing the support to house prices coming from extended very low interest rates. "
Source: House prices: What will 2012 mean for the housing market? - Telegraph
Crasy already FFS, just signed 12 months rent extension!
Comment