Journalists predict a grim future for house prices in 2008
In the first of a series of exclusive Stunning Views polls carried out by the headlineproperty website, a resounding 79 per cent of property journalists said they believed UK house prices would continue to fall in 2008.
Journalists who believed that prices would continue to fall this year were asked to estimate by how much figures would drop going forward. While individual responses differed sharply, the average decline was projected to be between five and six per cent.
Industry professionals, meanwhile, were far less gloomy generally about prospects for UK property prices in the year ahead. In fact, compared with their counterparts in the media, less than half (46 per cent) said they believed that house prices would continue to fall in the UK.
Industry practitioners were also more conservative when asked by how much they thought UK prices would fall. The average anticipated decline from within the industry’s ranks came in between three and four per cent.
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