Rat and Mouse
Wed
20
Oct
Item Club predictions

From Ernst & Young's Item Club: a fall of 5% for house prices through this year and 2011, followed by a slow recovery from 2012 . And - since it's Spending Review day - why not throw in a bit more gloom?

Peter Spencer, chief economic adviser to the Club, said that regardless of spending cuts being announced later today, " the health of the financial system and its ability to support the recovery still remains in doubt".

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Comments

If there is a dip in house prices lets hope lenders dont over react again and that mortgage loan to value stay reasonable

Posted by Enness private at October 20, 2010 11:37 PM


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