drbubb Posted October 29, 2010 Report Share Posted October 29, 2010 Financial Planner's Comments - October 2010 From a letter sent to friends by email, here are some comments on UK Property: What’s happening to: UK PROPERTY The above chart does not show that prices got back up to their late 2007 peak. What it shows is prices fell hard for around a year and a half then they bounced for around a year. However, the rise was much shallower than the preceding fall (down c 18%; up c 9%). Average prices topped out in early Summer at c 10% below the all-time peak of late 2007. Prices have been falling since and soon they will go negative, year-on-year. (NB. Kensington and Holland Park actual prices fell 21% January to June 2010*. So much for the myth that London is different!). Prices will likely plummet over the next couple of years – as we said they would before Crash #1 and repeatedly since. * Source: John D Wood (July 2010), estate agents We said that prices would fall 40-50% over a few years. We remain on course for that forecast to be proven accurate. == == We attach our Autumn 2010 updates and we hope you find them of interest, and perhaps of use. Please remember investments can fall as well as rise, and they will! If ever you have any queries please do not hesitate to contact us. With kind regards "Financial Planner" Could this be ... ? Link to comment Share on other sites More sharing options...
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