Homes and Property | Home Page

Betting on house price gloom

12 April 2012

FIGURES from Nationwide show house prices falling. Bets being placed by City punters show they think the trend will continue. Spread betting firm City Index is offering odds on what will happen to prices in the coming months.

Bets so far predict falls of 9% for terraced houses in Kensington and Chelsea and drops of 7 1/2% for homes in Greater London. 'Our bets are based on London prices because this is where most of our clients live,' said spokesman Stuart Rice.

The bets are for the movement in residential property prices published in the Land Registry. City Index is offering a spread of between £965,000 and £984,300 for the cost of a Chelsea terraced house next June.

A report by cross party European Policy Forum claims the housing market in the UK is suffering from deep structural problems that cannot be cured by a temporary price slowdown. It calls for a relaxation in controls on land for housing development to increase supply.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Dwelling Houses And Apartments
Kensington And Chelsea
Relaxation
West London