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A Quick House Sale Is Unlikely With Just 2 Applicants Per Property in 2009

As we always say here at HFC; the state of the housing market depends on who’s results are out that week. With so many conflicting figures, it’s difficult to know what to believe and this week it’s the turn of the estate agency Savills.

They’ve seen prices rise by 3.7% in 2009 but don’t go hoping for a quick house sale as there are only 2 applicants per property and Savills believe prices will fall next year by 6.6%. Fear not though, if they’re to be believed: house prices will go up 2.7% in 2011 and a further 27% between 2012 and 2015. Of course, this is all guess work and even the estate agents can get it wrong; 12 months ago Savills predicted an 11% fall in 2009.

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