Future Market
Predicting the property market is about as difficult as predicting the weather - and expert forecasts are rarely accurate. We know that over the next five years, in most areas, property prices are likely to recover, but within the next year or two, without a clear picture of how hard a recession could hit and to what level unemployment will rise, let alone unknown impacts of the Eurozone crisis on our banks and property market, it is tough to work out what will happen within the next six to twelve months. However below we go through key indicators which can influence prices.
READ ON for the full Future Property Market analysis
Showing posts with label house prices 2012. Show all posts
Showing posts with label house prices 2012. Show all posts
Monday, 5 March 2012
Friday, 2 March 2012
Current Market: 2012 a Good Year to Buy?
House Prices 2012
This year the usual doom and gloom merchants Capital Economics and Jonathan Davis are still saying property prices will fall by 5% (CE) or up to -12% (JD). These two companies are typically very ‘downbeat' about the market and have been since 2000! Other predictions suggest property prices will rise by up to 3%.
So, depending on whether we hit an economic recession in 2012 and how deep it is will determine whether prices show a little bit of growth or a small decline. If things get really rough with high unemployment levels, a sharp rise in repossessions and say a rise in interest rates, then it may be that the real doom and gloom forecasts of 5% or more falls could exist by the year end.
READ MORE to find out whether 2012 is a Good Year to Buy?
This year the usual doom and gloom merchants Capital Economics and Jonathan Davis are still saying property prices will fall by 5% (CE) or up to -12% (JD). These two companies are typically very ‘downbeat' about the market and have been since 2000! Other predictions suggest property prices will rise by up to 3%.
So, depending on whether we hit an economic recession in 2012 and how deep it is will determine whether prices show a little bit of growth or a small decline. If things get really rough with high unemployment levels, a sharp rise in repossessions and say a rise in interest rates, then it may be that the real doom and gloom forecasts of 5% or more falls could exist by the year end.
READ MORE to find out whether 2012 is a Good Year to Buy?
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