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Great predictions of our time

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    Great predictions of our time

    http://www.findaproperty.com/display...&storyid=22074

    Price falls will moderate to just 1-2 per cent in 2009 and will climb again in 2010 by 2-4 per cent.

    Looking further ahead, they forecast that UK house price growth will then surge towards ten per cent by mid-2012 and average around eight per cent a year from 2011-2013.




    http://www.housing.org.uk/default.as...ArticleID=1301

    28 July 2008



    The average house price in England will rise by 25 per cent over the next five years to reach £274,700, despite fears of a housing market crash – according to a new report published today by the National Housing Federation.



    The document – researched by independent economists Oxford Economics – forecasts that house prices will fall in 2009, start to recover in 2010, and then rapidly increase from 2011.



    The paper, entitled Home Truths 2008, says that house prices will increase by:

    5.2 per cent in 2011
    9.2 per cent in 2012, and
    9.3 per cent in 2013 – with the typical price at the end of the period being well above the average in 2007 of £222,600.
    In the short to mid term, it says house prices will:
    Fall by 2.1 per cent in 2009, and
    Increase by 1.3 per cent in 2010.




    http://www.ft.com/cms/s/0/24a72544-5...nclick_check=1

    House prices expected to slow to near standstill
    By Steve Lodge

    Published: August 24 2007 17:41 | Last updated: August 24 2007 17:41

    The house price boom of recent years could be set to slow to a near standstill next year even assuming the credit market storm blows over.

    Fionnuala Earley, chief economist at Nationwide Building Society, said she expected property values to rise just 2 to 4 per cent in 2008 – “earnings growth or less” – as affordability constraints take hold and expectations for further price rises reduce.


    I hope these "experts" are still gainfully employed. Their insight is inspirational.

    #2
    The prediction is based on the UK not enduring a recession.

    ...and if my uncle had tits he'd be my aunt.

    Comment


      #3
      Never trust anyone who makes a prediction where they have a vested interest in the outcome.

      Like banks share recommendations :-

      strong buy=buy
      buy=hold
      hold=sell
      sell=company bankrupt

      Comment


        #4
        Originally posted by Doggy Styles View Post
        The prediction is based on the UK not enduring a recession.

        ...and if my uncle had tits he'd be my aunt.

        .. but we always have to endure a recession under Labour as history proves !!

        Comment


          #5
          Originally posted by Doggy Styles View Post
          The prediction is based on the UK not enduring a recession.

          ...and if my uncle had tits he'd be my aunt.
          . . . or just an obese uncle?
          The vegetarian option.

          Comment


            #6
            SKA will change the world.

            Comment

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