Mortgage Sorter
Recommended UK Mortgages

House Price Forecasts and Predictions in the UK at 11 1 2008


UK House Prices Situation: Prices weakening in many areas

UK House Prices Forecast: Real terms fall in prices in 2008

What Will House Prices Do In 2008?

Forecasting future house price movements is a risky business - especially with the longer-term effects of the credit crunch still unclear and house prices at the top of a long period of growth.

With that in mind, here are six of the most authoritative predictions for the year ahead:

• Halifax: 0%
• Nationwide: 0%
• RICS: 0%
• CML (Council of Mortgage Lenders): +1%
• John Charcol (mortgage broker): -2%
• Capital Economics: -5%

The first thing to note about these figures is that they don't include the effects of inflation. If prices actually stay the same next year (i.e. 0% change) then they will fall in real terms. This is because inflation means that the value of money decreases each year. (A good example of this is petrol - £1 now won't buy as much as £1 a year ago).

The other point that's worth noting is that of the companies listed above, only Capital Economics has nothing to lose by house prices falling - the businesses of all the other forecasters will all be damaged by a falling house market. Perhaps it is not a coincidence that Capital Economics forecast is the most negative.

First-Time Buyer Numbers At 27-year Low

The number of first-time buyers (FTBs) who entered the market in 2007 was the lowest since 1980 - and a massive 44% less than in 2002. In the same period, the average house price paid by FTBs has increased by 82% - so it's hardly surprising that FTBs are being priced out of the market.

More and more FTBs have had to resort to renting or living in shared accommodation as average house prices have become unaffordable in 466 of 483 towns surveyed by Halifax in England and Wales.

Unaffordable areas are defined as having an average house price of more than four times the average income in that area.





 




 


 





.

 



 



 


 








Latest House Prices Forecasts and Predictions in the UK

House Prices Forecasts and Predictions to 10/10/2006

House Prices Forecasts and Predictions to 27/10/2006

House Prices Forecasts and Predictions to 3/11/2006

House Prices Forecasts and Predictions to 7/11/2006

House Prices Forecasts and Predictions to 22/11/2006

House Prices Forecasts and Predictions to 27/11/2006

House Prices Forecasts and Predictions to 3/12/2006

House Prices Forecasts and Predictions to 10/12/2006

House Prices Forecasts and Predictions to 17/12/2006

House Prices Forecasts and Predictions to 22/12/2006

House Prices Forecasts and Predictions to 29/12/2006

House Prices Forecasts and Predictions to 5/1/07

House Prices Forecasts and Predictions to 12/1/07

House Prices Forecasts and Predictions to 19/1/07

House Prices Forecasts and Predictions to 26/1/07

House Prices Forecasts and Predictions to 2/2/07

House Prices Forecasts and Predictions to 9/2/07

House Prices Forecasts and Predictions to 16/2/07

House Prices Forecasts and Predictions to 23/2/07

House Prices Forecasts and Predictions to 2/3/07

House Prices Forecasts and Predictions to 9/3/07

House Prices Forecasts and Predictions to 16/3/07

House Prices Forecasts and Predictions to 23/3/07

House Prices Forecasts and Predictions to 30/3/07

House Prices Forecasts and Predictions to 6/4/07

House Prices Forecasts and Predictions to 13/4/07

House Prices Forecasts and Predictions to 20/4/07

House Prices Forecasts and Predictions to 27/4/07

House Prices Forecasts and Predictions to 4/5/07

House Prices Forecasts and Predictions to 11/5/07

House Prices Forecasts and Predictions to 18/5/07

House Prices Forecasts and Predictions to 25/5/07

House Prices Forecasts and Predictions to 8/6/07

House Prices Forecasts and Predictions to 15/6/07

House Prices Forecasts and Predictions to 22/6/07

House Prices Forecasts and Predictions to 6/7/07

House Prices Forecasts and Predictions to 13/7/07

House Prices Forecasts and Predictions to 20/7/07

House Prices Forecasts and Predictions to 27/7/07

House Prices Forecasts and Predictions to 3/8/07

House Prices Forecasts and Predictions to 10/8/07

House Prices Forecasts and Predictions to 17/8/07

House Prices Forecasts and Predictions to 24/8/07

House Prices Forecasts and Predictions to 31/8/07

House Prices Forecasts and Predictions to 7/9/07

House Prices Forecasts and Predictions to 14/9/07

House Prices Forecasts and Predictions to 21/9/07

House Prices Forecasts and Predictions to 28/9/07

House Prices Forecasts and Predictions to 5/10/07

House Prices Forecasts and Predictions to 12/10/07

House Prices Forecasts and Predictions to 19/10/07

House Prices Forecasts and Predictions to 26/10/07

House Prices Forecasts and Predictions to 2/11/07

House Prices Forecasts and Predictions to 9/11/07

House Prices Forecasts and Predictions to 16/11/07

House Prices Forecasts and Predictions to 30/11/07

House Prices Forecasts and Predictions to 7/12/07

House Prices Forecasts and Predictions to 14/12/07

House Prices Forecasts and Predictions to 21/12/07

House Prices Forecasts and Predictions to 28/12/07

 

 

 

 

 


 

Get a custom rate and see
how much you could save by
filling out this quick form
below.

It's a FREE, no-obligation service.

Value of Property
£
 (eg 159000)
Borrow How Much?
£
 (eg 125000)
 Your Morgage Type
   











Browse over 200 Free Mortgage Tips

Your Complete Guide to UK Mortgages
Find Out How to Win the Race to Buy Your Home - Home Buyers Guide
How to Sell Your Home
Learn How to Save ££s by Remortgaging
Read the Insider Info on Home Insurance
Best Buy UK Mortgage Tables
UK Mortgage Calculators
First Time Buyers
Self Employed Mortgages
Bad Credit Mortgages
Overseas Mortgages
Common Questions / FAQs
Mortgage Definitions
Mortgage Lenders UK List
LATEST MORTAGE UK NEWS

Site Help

About Us
Your Privacy
Contact Us
HELP
Mortgage Guide Site Map
Tip Our Charity






Social Bookmark Us (Please ;-))
























 

 

 

 

 

FREE MORTGAGE QUOTES
Call 0845 22 33 112
or Apply Online Fast and Easy
 
Great Selection of
UK Mortgage
CALCULATORS

Click here
  
See Today's Latest
Mortgages
BEST BUY TABLES

Click here