Outlook for UK house prices and implications for the wider economy [electronic resource]
Language: English Series: UK Economic Outlook ; July 2010Publication details: 2010Subject(s): Online resources: Summary: PricewaterhouseCooper's (PwC)'s model analysis of United Kingdom (UK) house price projections and probabilities predicts that there is a 70% chance that house prices will still be below peak 2007 levels in 2015 in real terms despite a continued recovery in house prices in cash terms. Even in 2020 afer five years of steady growth there is a 50% chance that real house prices (adjusted for Consumer Price Index inflation) could be below 2007 levels. Graphs illustrate projections and probabilities in cash and real terms. Considers factors such as houses prices to earnings ratio and mortgage interest rates and the impact of housing trends on the wider economy.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 150450-2001 |
PricewaterhouseCooper's (PwC)'s model analysis of United Kingdom (UK) house price projections and probabilities predicts that there is a 70% chance that house prices will still be below peak 2007 levels in 2015 in real terms despite a continued recovery in house prices in cash terms. Even in 2020 afer five years of steady growth there is a 50% chance that real house prices (adjusted for Consumer Price Index inflation) could be below 2007 levels. Graphs illustrate projections and probabilities in cash and real terms. Considers factors such as houses prices to earnings ratio and mortgage interest rates and the impact of housing trends on the wider economy.