House prices lower in 2016 than today – City traders are putting money on it
If the City traders in residential derivatives have their fingers on the pulse of how house prices are likely to move then by 2016 the average home will be worth less than today. The index Future HPI, put together by Peter Sceats & Associates, provides an index of residential derivatives trades and it puts the average price of a house in December 2016 measured against the Halifax index at £159,076. That’s £2,394 less than the average non-seasonally adjusted house price…