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19% house price fall predicted by 2010

Cantor Spreadfair, the housing spread betting firm which allows investors to bet on the Halifax House Price Index, is predicting house prices will fall 19% by 2010.

It predicts the average UK and Greater London house price will be £141,500 in December 2010, a 19% drop on the current £174,178 average on the Halifax index.

This represents a drop in value of approximately £33,000 over the next 27 months.

The average traded price on Spreadfair for the Dec ’10 average UK house price during August was 141.5 (which represents £141,500) against an average traded price of 137 (£137,000) in July. This represents a month on month rise of just over 3%.

James Lippett, head of sales at Spreadfair, says: “The green shoots of recovery for the housing market are still taking life on the Spreadfair betting exchange. For the second month in a row the future price of an average UK home in Q4 2010 has crept upwards. August has seen the average traded price rise by 3%, with the average monthly prediction of £141,500.”


Mutuals fall victim to the credit crunch

The announcement today that the Britain’s ninth and eleventh largest building societies are to merge with Nationwide should not come as a surprise to the industry.

Site launches secured loan deal has launched an exclusive secured loan product funded by Central Capital with an APR of 7.5%. It says secured loans are good options for clients with equity in their homes.

Lehman declares bankruptcy

In a move set to send shock waves around the world US investment giant Lehman Brothers has today filed for bankruptcy.

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


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