| From Guardian: Estate agents, house builders and analysts are unanimous - 2009 will be a grim year for the housing market. Most pundits have come into line with predictions made by estate agency Savills in the spring that prices will continue falling throughout next year.
"The mainstream market will bottom-out at the end of 2009, or the beginning of 2010, having fallen 25% from its peak," says Savills' research Chief Yolande Barnes. That means a further 10% fall in 2009, given the 15% drop recorded by many indices so far..... Full Article: Source
|