UK House prices sliding with force

Story link: UK House prices sliding with force

I wouldn’t say it would be the easiest to predict, unless your going with a basic prediction of will they rise, or will they fall, as that is pretty obvious over the next 12 months.
The biggest prediction that needs to be backed up with solid evidence is when house prices will begin to stabalise and then increase.

UK House prices sliding with force

The year that is now drawing to a close ought to have been the easiest 12 months to predict for the property market in a long time.
By late 2007 the market was already starting to slide. In the US, prices were plunging at the fastest rate on record – showing that even in less overvalued markets property values could suddenly fall. The securitisation market had seized up, removing the very foundations from the mortgage market and stifling the availability of finance even for those with decent credit records. Northern Rock, once the UK’s most active mortgage lender, had effectively collapsed, removing another support for lending.