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Residential property market 2008 Q2 overview

By: Contributor(s): Language: English Series: CB Richard Ellis/Hamptons International Market View ; Q2 2008Publication details: London CBRE 2008Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Activity in the housing market is falling sharply, with eight consecutive months of declines (total fall of 7.3%). Confidence is at an 18 year low. The trajectory of falls in house values are currently similar to those found in the 1990s, although there are various key economic differences between the market then and during the current downturn. Survey posits a fall of house prices by 10% this year, followed by a smaller fall in 2009 and improving prices from the end of 2010 onwards.

Activity in the housing market is falling sharply, with eight consecutive months of declines (total fall of 7.3%). Confidence is at an 18 year low. The trajectory of falls in house values are currently similar to those found in the 1990s, although there are various key economic differences between the market then and during the current downturn. Survey posits a fall of house prices by 10% this year, followed by a smaller fall in 2009 and improving prices from the end of 2010 onwards.

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