Sitting on a property and trying to find out whether now is the time to think about selling your house?
If so, you may be interested to hear that one expert believes prices will drop sharply next year.
Howard Archer, chief UK economist at IHS Global Insight, says values will dip by as much as five per cent in the first six months of 2012, before flatlining for the six months thereafter.
He explained: “I believe there is a significant risk that house prices could fall more than this given the current weakness of the economy and worrying outlook.
“Furthermore, we believe there are serious downside risks to this forecast and that house prices could well fall by more than 5pc given the current deteriorating economic situation and outlook,” Dr Archer added.
December 16, 2011 at 2:44 pm | Uncategorized |
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