Friday, Sep 29, 2006
Property Prices Could Slump......Most Viewed Article!!
Telegraph: Property prices could slump
Property prices could slump:
Experts warned that the housing market could be heading for a "mini-crash" next year after new figures showed property prices are jumping ahead again.
The growth rate was faster than economists expected, and led some to speculate that this mini-boom would be followed by a mini-bust in 2007.
They trace the market's recent strength to the Bank's decision to cut rates to 4.5pc in August last year, but speculate that its decision last month to reverse this cut will soon bring activity back to earth with a bump.
Edmund Conway, Economics Editor Telegraph (Filed: 28/09/2006) Reported.
Posted by hyrax @ 11:33 AM (178 views) Add Comment
5 Comments
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1. Cstanhope707 said...
Note the new propoganda "trick" the VI's are using here first it was the market is maturing to steady growth now it's "mini Crash". I have never ever heard of a mini crash It must be getting bad.
Can not wait for HPC not long now but I still think the market will be stable until middle of next year. When HPC happens can not wait to go into my local Real Estate agent I am going to sqeeze every last bit of value I can get.......
Suggest people buy shares in Debt Collection and Bailiff companies.....
2. bidin'matime said...
I keep telling you - this guy's one of us! Great to see mainstream press speculating about a bust, even if they feel the need to qualify it by the addition of ‘mini’. The headline says it, though – you can't ask for more than that.
3. Needle said...
How do you know its the most viewed article?
4. European-bear said...
"Around two-thirds of existing landlords have plans to extend their portfolios and many have access to finance from gearing their existing portfolios," the Nationwide said.
When the crash comes, this will kill so many BTLs as they will have no equity left because of gearing!
The longer this goes on, the ever bigger the crash will be.....if BTLs loose their equity, AND the rent does not cover the mortgage (as it does not now), why bother....maybe many BTLs will just post the keys back, leaving the (nationwide) and others to evict (or deal with the tennant) and sell the property...this could be really fun this time as we see mass eveictions of tennants so repossessions can be sold plus repossessions of owner occupiers......it will make great headlines "should not have been allowed to happen" etc....
5. phdinbubbles said...
a