
Will UK house prices continue to fall to the end of 2008?
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:>
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.
- Activity: H$53,170 |
- Predictions: 159 |
Comments: 5
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:
http://www.hxen.com/englishnews/world/2008-09-02/49649.html
http://nationwide.co.uk/hpi/historical/Q4_2008.pdf
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)
Comments (5)
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http://www.hxen.com/englishnews/world/2008-09-02/49649.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.
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