Property Predictions Wrong
Despite recent theories by property experts that property prices will fall for the remainder of the year, property advisors at the Centre for Economics and Business Research believe that these estimations are wrong.
Offering their own predictions that property prices will rise by 4% by the end of 2010 and continue rising for the next 4 years, CEBR’s prediction goes against many beliefs that property prices are already stalling…
Yet which of these property experts is right?
Basing their theory on growing property shortages and historically low interest rates, CEBR have also revealed that the expected ‘double dip’ in property values is also wrong…
Even with recent tax increases and cuts in government spending, CEBR feel that it is incredibly unlikely that property prices will fall by 8% over the next 5 years. In fact, with the recession still impacting on the property market, CEBR feel that any falls in value can easily be attributed to the continuing repercussions of the recession!
Only time will tell whether CEBR are right; however it is impossible to deny that they have got a point when all evidence seems to suggest that they are correct.
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