Spread betting on house prices

Cantor Spreadfair has announced that there has been a shift upwards in house price sentiment over the past few weeks.

Despite a melt down in the majority of world markets, the peer to peer spread betting exchange saw a higher level of activity on the exchange indicating a belief in a housing market rise. The market witnessed an all-time low in December 2007, but seems to be bouncing back with clients believing the housing crash is unlikely to occur.

Spreadfair clients were predicting that the average UK house price would decrease by the end of 2008, but in the last month they see the average UK house price to be three per cent higher by that date than their estimate two months ago.

Tags: house prices

This entry was posted on Thursday, March 27th, 2008 at 12:55 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.