House prices across the world are declining by massive percentages, and less than a year ago prices were set to 15% more than they currently are. That’s a drastic drop when you consider everyone who has been affected. And even when prices rise (like the rise seen in March), they quickly drop by the same amount, if not more. What does this mean for the housing market? It’s getting worse, slowly but surely, and projected losses are expected to go down at least another percent within the next few months. However there’s one good side of the story. The state of the economy “seems” beneficial for those interested in purchasing a new home and have the money to do so. So what do you think? Are you going to buy a property anytime soon?
