I think green shoots will begin by 2013 Q1. I think we have another 2 years or so of a downward slow bleed. However, if interest rate rise and along with interest rate expectations then we could have higher repossessions and an increase in new sell instructions resulting in faster decline in prices.
Numerous news articles highlight property prices are frothy and beocming less affordable. At the same time the China is flush with cash. Are property investors from China investing outside China? If so which countries
Inflation was likely to pick up to between 4% and 5% in the near term, and to remain well above the 2% target throughout 2011, boosted by the increase in VAT, higher energy and import prices, and some rebuilding of companies’ margins. The projection for the first half of the forecast period was...
Due to rising rates, they maybe a small pull back. However, long term fundamental point to an upward trend. Unless more houses are built and restrictioons on supply of land is loosened -the long term trend is upward, with pull back in prices.
ok- so we have low transaction volumes. I guess prices will be everywhere for awhile. If the sellers are heavily geared - prices may fall further- Thanks Alan for all your comments.
Totally agree with this document. leading indicators are pointing to a flat to down market. I am unsure how the austerity measures will benefit the housing market.