Stable in 2011 peak 2014
If you paid top value in 2007, it will only be around 2013 that house prices in England will climb close to the same value, and rising above during 2014.
Oxford Economics recently prepared a report for the National Housing Federation. It is suggested that house prices will fall throughout 2010, with stabilisation coming in 2011.
National Housing Federation
The pattern is similar to the nineties according to the high street lenders.
The Nationwide Building Society report:
“It took until the first quarter of 1998 to regain the third-quarter 1989 peak”.
The Halifax report:
“Prices rose above their January 1990 peak in November 1997″.
It could just be too much is being read into this short-term trend, amid evidence that the flow has slowed, if not reversed, in the recession. People have to live somewhere, so if not enough homes are being built, and then housing will become more expensive, thus the price increase seen in the past.
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