Net worth: H$1,000
Guest:Cash: hd$1,000   Predictions: hd$0
You currently have hd$1,000 (Hubdub dollars), Hubdub's virtual currency, to stake on your predictions. Your predictions are currently worth hd$0
Home
Leaderboards
Forums
PoliticsSportEntertainmentWorldBusinessTechnologyScienceGeneral

Will UK house prices continue to fall to the end of 2008?

Settled as Yes

UK prices continued to fall, dropping a further 2.5 per cent in December, dashing hopes that November's slide of 0.4 per cent marked a stabilization in the rate at which prices were falling.

House prices fell by 15.9 per cent during 2008, the biggest annual drop on record, figures showed today.

http://www.independent.co.uk/life-style/house-and-home/property/even-slight-optimism-dashed-for-uk-housing-1228587.html

Background:

Question created by
Background: House prices in the UK have now fallen for the last 11 months, but there's evidence that the falls are stabilising. Will the remaining three months of the year also see price falls?
http://www.independent.co.uk/news/business/news/uk-house-prices-suffer-record-fall-948814.html

Settlement details:According to the Nationwide survey, as reported by The Independent.

 
Forecast history %
Yes
94%
No
6%
Settled as Yes on Sun 25th Jan 9:36am PST

Suspend date: Wed 31st Dec 2008 11:59pm PST
Settlement date: Sun 25th Jan 9:36am PST
Prediction cut-off: Predictions on this question after Wed 31st Dec 2008 11:59pm PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 70%

Action history:

Created Thu 2nd Oct 2008 1:54am PST by theindependent
Changed Question text Thu 2nd Oct 2008 5:54am PST by chris[Admin]: ... Will UK house prices continue to fall to the end of 2008?
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Suspended Wed 31st Dec 2008 11:59pm PST : Suspend date reached
Settlement requested Sun 4th Jan 5:39pm PST by gooddeed89: .
Settlement requested Mon 19th Jan 11:11pm PST by curios: here is your answer
http://www.hxen.com/englishnews/world/2008-09-02/49649.html
Settled as 'Yes' Sun 25th Jan 9:36am PST by bayoubear[Admin]: UK prices continued to fall, dropping a further 2.5 per cent in December, dashing hopes that November's slide of 0.4 per cent marked a stabilization in the rate at which prices were falling.

House prices fell by 15.9 per cent during 2008, the biggest annual drop on record, figures showed today.

http://www.independent.co.uk/life-style/house-and-home/property/even-slight-optimism-dashed-for-uk-housing-1228587.html

Suspend date: Wed 31st Dec 2008 11:59pm PST
Settlement date: Sun 25th Jan 9:36am PST
Prediction cut-off: Predictions on this question after Wed 31st Dec 2008 11:59pm PST have been voided because they were made after the question could be settled details

 

Predictions (159)

46 weeks ago
pabloc predicted Yes (H$100 at 94%)
47 weeks ago
jamest predicted Yes (H$4,000 at 93%)
47 weeks ago
jamest predicted Yes (H$500 at 93%)
50 weeks ago
gsrider predicted Yes (H$100 at 93%)
50 weeks ago
anniemac predicted Yes (H$50 at 92%)

Comments (5)

  1 frontalot
Hello? Anyone there???
posted 43 weeks ago
  2 tisha[Admin]
I'm following it up frontalot, sorry but it may have been overlooked. The best way really to get a question settled is to find a link that proves the settlement and sending it in using the 'settlement request'.
posted 43 weeks ago
  3 curios
here frontalot i have done it for you altough i dai not havs a zac on it
http://www.hxen.com/englishnews/world/2008-09-02/49649.html
posted 43 weeks ago
  4 dieseldog
tisha - i see they got ya working the late shift. i guess us night owls need watching. good to see you active and helping on the front lines instead of behind the secene. not to mention putting your beauty out for all to see will draw more members. :O)
posted 43 weeks ago
  5 frontalot
http://www.independent.co.uk/life-style/house-and-home/property/even-slight-optimism-dashed-for-uk-housing-1228587.html

House prices fell by 15.9 per cent during 2008, the biggest annual drop on record, figures showed today.

The average cost of a UK home dropped by a further 2.5 per cent in December, dashing hopes that November's slide of 0.4 per cent marked a stabilisation in the rate at which prices were falling.

Nationwide warned that prices were likely to have further to fall before significant numbers of buyers returned to the market as affordability measures still remained well above their long-run average.

The annual change, which was the biggest since the group began collecting data in this format in 1991, left the average house price at £153,048 - £20,000 less than in December last year and back down to levels seen in the spring of 2005.

Fionnuala Earley, Nationwide's chief economist, said: "2008 has been a year of turmoil in the UK housing market. The disruption in the financial markets worsened throughout 2008 and had larger implications for the real economy than we anticipated a year ago.
posted 42 weeks ago

Please log in or join to add a comment

Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...

Name
Email
New password
By joining you are agreeing to our terms of service

Related News
This news is selected automatically based on the question, its background, options and tags


score: 10
Financial crisis slashes £60000 from every family's wealth

The financial crisis has slashed the equivalent of £60,000 from the wealth of every family in Britain in the past year, research suggests. Plunges in the prices of both property and

score: 10
£60,000 a year: That's how much the recession is costing every family

The financial crisis has slashed an average of £60,000 from each family's wealth over the past year, it has been claimed. Sliding equity prices and dramatic falls in property values

score: 10
UK Housing Continues 15-Month Price Slump

last 15 months and 9.3 percent since the start of the credit crunch in August 2007. British house prices tripled in the 10 years running up to their peak in the middle of last year, but have since fallen as much as 15 percent in other surveys as

score: 10
UK: House prices fall 8.7% in 2008

the last 15 months and 9.3% since the start of the credit crunch in August 2007. British house prices tripled in the 10 years running up to their peak in the middle of last year, but have since fallen as much as 15% in other surveys as the

score: 10
Hometrack - UK House Prices Fall In 2008; Forecasts Further Decline

Monday, property consultant, Hometrack said house prices in the UK declined in 2008 and forecasts further decrease next year amid fears of a prolonged recession. House prices on average slid 8.7% in 2008 and are