How should we expect property prices to perform in 2010?
The release of the Nationwide property survey of the UK makes great reading for investors and home owners across the country but what about 2010? Can we expect more of the same or is this ongoing recovery in the UK property market not sustainable?
Unfortunately, yet again we have seen another third-party attempt to bring UK property owners down-to-earth with Savills suggesting that UK house prices will fall by 3.1% in 2010. This is a revision of an earlier forecast of a 1% rise in 2010 with the renowned and respected estate agency concerned that recent gains will not hold. It would appear there are significant concerns regarding the patchy increase in prices around the UK with some of the more desirable postcode areas attracting much of the attention.
We then have the issue of mortgage liquidity which again is very low even if the UK government is currently attempting to force banks to increase their lending to consumers and businesses. Even though we have two property surveys in direct confrontation with each other the truth is that nobody really has a clue as to the future direction of the UK property market. However, a number of analysts are hoping that the momentum will help push the economy and property market higher in the latter part of 2009 and 2010.
Share this..
Related stories
Falling consumer morale measured by new survey
Consumer confidence declined in October, GfK NOP said today.The research firm's index of shoppers' morale dropped from -32 to -36 across the month.A particularly large drop was also marked for major purchases, with confidence dropping to -43 - the lowest on record.High-value buys are commonly partially or wholly funded by credit - provision of which has been restricted thanks to the economic downt...
Read MoreIs the IMF set to run to the rescue of the UK?
Despite repeated denials by the UK government the spectre of help from the IMF looms large on the horizon as the UK economy continues to head downwards. The IMF is currently heavily involved with regards to a rescue package for the Turkish government although talks have been suspended for 10 days to allow a period of reflection. There is intense speculation that unless we see a significant turnaro...
Read MoreStephen Hester in line for £9.6 million remuneration package
Despite being majority owned by the UK government, on behalf of UK taxpayers, the Royal Bank of Scotland is today under pressure after agreeing a near £10 million remuneration package with chief executive Stephen Hester. The scheme will see Stephen Hester draw a salary of £1.2 million as well as potential annual bonuses of £2.4 million together with a share bonus package which could top £6 mil...
Read MoreProspering in a recession
Matt Brittin, the UK managing director of Google, has confirmed the thoughts of many entrepreneurs with his view that the Internet has allowed many "inventive" entrepreneurs to prosper during the ongoing recession. There is no doubt that the ability to seek out and target niche markets has proved very lucrative even in this most difficult of trading periods and more and more business people are mo...
Read MoreHedge funds hammered as takeovers appear in European markets!
Would you swap you life for that of a hedge fund manager at the moment? Would you like to be trading in a sector which is literally losing its marbles?
News that Porsche has announced it is to takeover Volkswagen in a swift move has caught many hedge funds on the hop as they have all been selling the shares down as trade and the group's financial position continued to worsen over re...