House prices will steady say six in 10
Six out of 10 people looking to buy a new home think prices will not fall any further during the coming 12 months a survey has showed.
Source: telegraph.co.uk
Comments
Simon James, Gore Browne Investment Management, 2009-05-14 14:35:27
If this presages a rise in transactions then their forecast may be self-fulfilling. But with weakness in the employment market, and strict borrowing terms, perhaps this is optimistic. So far supply of homes for sale has been less than may have been expected; but there are many flats which are not occupied. How long can owners go before having to sell? At best prices will be flat for a long term, I believe.