House Prices To Be At The ‘2003’ Level By 2015

Published on July 28, 2010 | Author: zoe

Filed Under Housing Market News | Leave a Comment 

Is your property sale in danger?

According to latest reports from The National Institute of Economic Research (NIESR), the house prices are set to fall by 8% over the next 5 years, if we take into account inflation. Property prices are predicted to be at the same level as back in 2003 by 2015. The NIESR report said: ‘While we have assumed the housing market remains stable, there remains the risk that house prices in the UK could decline at a more rapid pace’. 

On the other side, Report by Capital Economics claims that house prices could dive up to a quarter within less than 2 years. The value of homes is to decrease by 5% by the end of 2010, another 10% in 2011 and further 10% in 2012. There also is a big chance that properties will be valued at the lower prices in 2020 than they were in 2007.

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