cantosTV: House prices to drop another 15-20% in 2009

Nationwide's Fionnuala Earley, Ed Stansfield of Capital Economics and Charles Davis from CEBR offer a gloomy outlook for the UK housing market in 2009, with predictions of a peak to trough fall in house prices ranging from 25 to 40 per cent. Michael Coogan, Director General at the Council of Mortgage lenders discusses the ongoing lending shortage, while IPD's Ian Cullen talks about how the commercial property sector will fare in the new year.

Category:

News & Politics

Tags:

• cantos
• cantos tv
• property
• real estate
• house price
• financial
• 2009

[cuttheraceistheads]

this recession is a joke 30 percent down but these bastards are still sell the same prices from before the recession they claim we bought it from that price

[cuttheraceistheads]

what crash this recession is a joke

[nylonTS]

I agree with comments Suger

[sugarraygras]

Or never! Depending on the information you have available! What amazes me , however, is where these experts were before the crash and why did none of them see it coming or get there point across. Dont believe the hype. Consumer debt will prohibit recovery! Unless the government agree that the public deserve the same bailout as the banks, but that doesnt seem likely! History will tell a tale of greed and stupidity and not for the first time!

[cuttheraceistheads]

very true

[thefayed]

outside the south house prices are more affordable now

[raspberrybaggio]

i'm glad house prices are coming back down to earth. Sanity for young people.

[taineasy]

Tale a look at the 60 Minutes video posted on you tube called "The 2009 housing collapse will be worse than 2008" Is an eye opener.

[nylonTS]

It will take until 2012 before we see a recovery

[deelean]

With any luck we'll have some affordable housing available soon.