Property Price News - Are we heading for the dreaded 'double dip'?

publication date: Jun 3, 2010
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Property Price News - Are we heading for the dreaded 'double dip'?

April's figures back up our forecast that the second half of 2010 will show house price growth curbed. To date, property price news reports have been comparing 2010 versus a poor performance in 2009, from April 2009, the property market showed signs of recovery. As a result, it's much tougher for the figures to show a growth versus last year as sales, prices and the number of buyers has clearly slowed down.   

Does this mean we are heading for the dreaded 'double dip'? Kate Faulkner doesn't think so, "I'm afraid property price reports will show a small growth one month and a small fall the next and this yo yo'ing in prices will just end up with property prices being pretty flat 2010 versus 2009".

However, this picture is very regional, so what will happen in YOUR area in 2010? READ MORE

The outlook for 2010 will depend on whether buyers have run out of cash, interest rates go up forcing repossession.

READ MORE for the most up to date property price analysis - Kate's House Price Market Update.

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