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Housing Price Trend In UK

by Chris Gilbey at 04:21PM (EST) on July 12, 2008 | Permanent Link | Cosmos

The UK seems to be having a seriously rocky road economically at the moment, and the future doesn't look too good either.

Check out the housing price trends. Looks set to drop a whopping 25% over the next 24 months according to The Times:

Economists gave warning that there was worse to come. Yesterday Howard Archer, of Global Insight, the economic consultancy, changed his forecast for house price falls this year to 15 per cent, up from 12 per cent, with a further 12 per cent fall next year. Michael Saunders, of Citigroup, the investment bank, said: “It is fair to say that we are now in the worst housing slide for more than 50 years.”

More info here if you are interested.

Keywords: realestate

Technorati Tags: realestate

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