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Well somebody is going to have to make a preditions, because apparently prediction is too difficult at the moment according to the UK banks (and we all know how good their predictive abilities have been recently)

BBC NEWS | Business | Lenders axe house price forecast

Two of the UK's biggest mortgage lenders, the Halifax and the Nationwide, have decided not to make any house price forecasts for 2009.

They publish the UK's most widely followed and long standing house price surveys each month.

Normally they forecast prices for the coming year as well, but the Halifax said it was "not appropriate" due to its impending takeover by Lloyds TSB.

The Nationwide said it was simply too difficult at the moment.

"Things are changing so rapidly in the market, which makes it very difficult to forecast," said a Nationwide spokeswoman.

"When things have settled down a bit we may be in a position to review this next year," she added.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Dec 19th, 2008 at 09:44:07 AM EST

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