Tuesday, Dec 12, 2006
Property prices set to slow next year say HBOS
TimesOnline: Property prices set to slow down next year, says bank
David Stubbs, the RICS economist, said: “The bleak outlook for first-time buyers looks set to darken", however “Demand (for property) remains strong, disposable income is growing and buy-to-let investors substitute for first-time buyers at the bottom end of the market,” he said.
That's right Mr Stubbs, I have so much disposible income I'm lighting the fire with £20 pound notes. I don't quite understand why with mortgage rates rising, fuel (Oil, Gas etc) rising and wages rising more slowly than true inflation where Mr Stubb's gets his data from but I'll take his word for it.
Posted by denzil @ 11:41 AM (158 views) Add Comment
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