Tuesday, Dec 12, 2006
HBOS forecasts 4% house price growth next year
The Times: Property prices set to slow down next year, says bank
The property market is set to cool down next year, with prices rising at their slowest pace since 1995, according to a forecast by HBOS published yesterday. Despite a price increase of 9 per cent over this year, HBOS predicted that house-price inflation would ease to 4 per cent in 2007 as interest rates started to bite.
Posted by jellycaster @ 04:31 PM (155 views) Add Comment
2 Comments
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1. paul said...
If "slow down" is a euphemism for "hit reverse", then the article might be onto something.
2. David20040_0 said...
Didn't the banks come out with something similar last year. Predicting a 'slowdown'. It won't happen, they'll rocket.