News Tag: bottom out
May 4, 2009
The Centre for Economics and Business Research (CEBR) is predicting that UK house prices will fall by 28% from their 2007 peak, before the downturn ends.
According to the think-tank, the market will bottom out early next year, having lost a further 8%.
A period of stagnation is likely to follow, with growth returning during 2013 and the average house ...
CEBR predicts a further 8% fall in house prices
by Gill Montia
April 14, 2009
A leading research agency is predicting that the property market downturn will bottom out by Christmas.
According to a report in the Daily Telegraph, Lombard Street Research (LSR) is basing its forecast on affordability, which is now below the long-term average, reflecting the fact that prices have fallen by 20%, in nominal terms, in the past 18 months.
The firm's affordability index, ...
House prices could bottom out by Christmas
by Gill Montia
April 10, 2009
There was a time when the thought of UK house prices falling 10% would hardly have been cause for celebration.
However, credit crisis Britain will be cheered by the latest report from the Centre For Economics and Business Research (CEBR) which predicts that prices will bottom out after a further decline of 10%.
The think-tank is hopeful that a ...
A mere 10% to go on UK house price falls
by Gill Montia
October 22, 2008
Capital Economics, the independent economic forecasting agency, is predicting that by next autumn, UK house prices will have fallen 35% from their peak, in summer 2007.
The collapse will take £65,000 off the average price of a home, which could be worth £120,000 this time next year, down from £186,000 in the market boom.
A fall on this scale would return ...
House prices to bottom out 35% below peak
by Gill Montia
October 15, 2008
A Professor of Finance from Imperial College Business School in London is predicting that UK house prices could fall by a further 5% to 10% before the market bottoms out.
Addressing a committee of MP's, Professor David Miles proposed that the property market should stabilise once house prices are 20% below their peak of summer 2007.
Once this point ...
MPs advised house price falls will bottom out at 20%
by Gill Montia
