There are tentative signs that activity levels in the housing market are bottoming out. Any recovery in activity is, however, unlikely to be sufficiently strong to prevent further house price falls. Our forecast of a 20% fall in house prices this year and a further drop of 10% in 2010 is unchanged. By the end of 2010 house prices will be between 40% and 45% lower than their 2007 peak.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services