publication date: Oct 30, 2009
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
It’s a nervous time for many people involved in the property market. So nerve wracking in fact, that many of the companies that normally predict what’s going to happen to property prices in the next 12 months – haven’t!
The problem for many forecasters at the moment is that few expected the property market to stabilise this year, many thought prices would continue to fall (not us though!). However, not only have prices stabilised, we are even seeing small price rises in some areas where demand is higher than supply. Add into the mix that the economic predictions are also giving confusing messages, with some saying we are heading out of recession while others are saying this is just a blip and we will fall further into recession over the coming months.
READ ON on to find out who is giving forecasts for 2010 property prices and beyond, and are they likely to be accurate?