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Property prices in the UK and Europe will continue to fall apart from a few areas protected by those wealthy enough to keep prices relatively level.
Prices could drop by another 20%.
However, overall the seeds of change will be sown and people will lose the belief that they need to own a house for it to become a home, and those that do invest will be buying a home to be a foundation of family life – not to make money.
This new paradigm will be an important part of communities focusing on what really matters as opposed to the exhausting struggle to prove ones status through having things. However, those who buy a property will find that overall although they are not likely to make money on their investment it is likely to be a safer place in which to at least enable their personal wealth to be held and maintained.
PUBLISHED HERE FIRST:
Predicted on: 30th November, 2011
Reported on: 4th May, 2012
- www.guardian.co.uk – House prices take a tumble in April
House prices fall 2.4% in April as Halifax warns of ‘challenging’ times ahead. House prices fell in April at their fastest rate for 20 months according to Halifax, knocking nearly £4,000 off the value of the average property in Britain. April’s 2.4% fall follows the end of the stamp duty holiday for first-time buyers at the end of March, and Halifax said the market would remain “very challenging” for the rest of the year.
Property prices are definitely falling already in 2012 – Keep watching this space for further forecasts!