The Centre for Economics and Business Research has released a view that it suggests there is less than a 50% chance of there being a real property crash in the next three years and suggests there is likely to be a "soft landing".
Our View
Talk about sitting on the fence! Whatever the fall in the property market - they will still claim a soft landing what ever the size of any market fall.
We predict a fall in house prices in the order of 10% per year for the next two years - and to use - that is a crash.
If it were gilts they would call it a "bear" market!