Property price drops 2009: expert predictions

Property price predictions

Welcome back to 2009 and my weekly investment news update. I've just spent the past 3 weeks in Spain escaping the worst of the UK weather – but I'm back now refreshed and ready to bring you property news every week.

OK so let's look at this weeks property investment news update.

This week I looked at what the property experts are saying about price drops throughout 2009. The average prediction was a property price drop of 10% and recovery in 2010 with full recovery back to 2007 prices in 2012. Overall though, I've found that the market has returned from holidays with a refreshing optimism. There are far less stories of doom and gloom and even some positive ones. We'll also take a look at the massive 65 billion drop in the value of pensions.

The story on every homeowner's lips is obviously the 1.5% base rate and how it has affected your cash flows. On an international front, we look at Spain and the fact that it's still the favoured international destination as well a story close to home – the latest figures on the British invasion of Australia.

Finally I look at why now is the time to jump in and buy. Prices are at or near rock bottom and you're well placed to make an incredible amount of money.

Live with passion,
Brett Alegre-Wood

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