
"Fitch Ratings believe house prices need to drop 25% to be sustainable"
Homes are still 25 per cent too expensive and the market needs to carry on adjusting, according to a new house price survey.
Economic analysts Fitch Ratings have introduced yet another house price survey in to an already confused and crowded market.
The firm is inviting comments about the underlying model – a copy of the data is available after registering on the Fitch Ratings web site.
The firm’s calculations put property values at 25 per cent over a sustainable level at the end of 2010 and predict that if inflation continues to rise at the expected rates, then they will still be 15 per cent too much at the end of 2013. Continue reading Unaffordable House Prices Need to Drop 25% →