YOU home Blog
The YOU home Blog
technical but interesting
by Adrian Black,
9 months ago
The city operates a form of futures trading in house prices called the derivatives market. Until very recently traders on that market were betting very strongly that residential property prices would fall by a further staggering 32%. Now this market is expecting further loses of only 12.5%. The house price indexes lag market reality since it takes time for information to feed through to the public domain. What all this means is that professional traders now expect that house prices are very close to the bottom. Track Bournemouth, Poole and Christchurch prices at www.youhome.co.uk.
Published 2009-06-02
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