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House prices predicted to fall further in 2009Capital Economics predicts that house prices could crash to even lower levels in the new year. The market could fall by 35% of its 2007 value, the organisation said. The fall, however, could help as bargain-hunting boosts transactions. This, in turn, could help increase confidence and the availability of affordable remortgage deals. 2 Responses to “House prices predicted to fall further in 2009”Leave a Reply |
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January 5th, 2009 at 9:03 am
At some point we will hit a perceived bottom, and then there will be an almighty flurry of buyers…
January 6th, 2009 at 6:20 pm
35% sounds about right. It might sound a bit low, but the market was overvalued anyway.