Wednesday, Jan 10, 2007
House Prices to Double
houseladder.co.uk: House prices to double by 2030 says broker
House prices in the UK are set to double between now and 2030, financial broker Tradition Financial Services (TFS) has claimed
Posted by david20040_0 @ 11:34 AM (152 views) Add Comment
16 Comments
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1. Njp said...
100% nominal increase in 23 years? That's quite a drop, in real terms.
2. Bobsta said...
Interesting ... kinda backs up the (long-term) opinions on here.
Given that HPs have doubled in the last 6(?) years, taking another 23 years to do the same is one hell of a reduction in growth.
The report can be found here: http://www.tfsbrokers.com/news.html
TFS FHP Indices Mid-Point
Thru Dec-07 £191,450
Thru Dec-08 £194,985
Thru Dec-12 £213,028
Thru Dec-15 £228,638
Thru Dec-20 £259,399
Thru Dec-25 £300,260
Thru Dec-30 £354,435
3. Enuii said...
I could predict that, then again I could put £1 in a bank account with at 3.1% interest (p.a.) and more than double my money in 23 years.
Financial advise by idiots for idots I'm afraid, or is this another good reason to sell your house and stick the money in a bank!
4. Bomberbrown said...
A quick calculation using an Excel spreadsheet makes that 2.9% YoY increase. Ha! pittance.
Surely this is good news? Hard to tell because the OP hasn't actually bothered to comment themselves on the original news blog article.
5. Retiredbanker said...
So in that case house prices won't keep up with inflation, assuming 3% per year (probably a very conservative estimate as energy
costs soar due to depletion).
6. Davros said...
How can anyone possibly make predictions for 25 years time, considering that practically every pundit has got the prediction for the previous year by 100% or more?
7. denzil said...
>>House prices to double by 2030 says broker
I stopped at the title as the rest of the piece is probably not worth the read. Yawnnnnnnn!
8. Ephraimbubbleblower said...
has anyone heard of Tradition Financial Services?
9. Surfgatinho said...
The word 'claim' seems to appear in this article more than a few times!
10. Nohpc said...
You could put 1 pound in the bank over 23 years and double it to 2 pounds as some intelligent person said above. This is typical of the unambitious and narrow minded thinking on this website that has left a lot you many tens of thousands of pounds out of pocket.
Or you could buy a property with money which isn't yours and double it over 23 years and pocket the remainder. The more expensive the property the more profit you make. Expect to see some dips and booms along the way. Also most of this doubling of value is likely to occur over a short time period as it did this time round. Some of you may say yes but the inflation on property is actually low if you calculate it year on year over this time but you do need somewhere to live and your landlord will be very happy in 23 years time with his doubling of value over that time if people continue to rent off him even if he has not repaid any capitol at all.
11. Mjchum said...
Now hear this . . .
By 2030 house prices will be double their 2007 value . . . (but not in real terms)
A mocha choca wocca focca at StarFcuks will cost £18,987.50
A Ford Twot Hover Bot will be £4,834,003.30
A family holiday to Skegness will only be £467,923.49 inc Carbon Neutral surcharge (you're walkin')
An English slave will only cost £2.28 per hour (not including the provision of straw bedding which replaced the minimum wage under the previous New Improved Upgraded Labour government under the stewardship of PM Brown)
All those in favour????
Eyes to right . . .
12. James said...
Well they've already doubled in the past 5 years, why not in the next 25?
13. Davros said...
> This is typical of the unambitious and narrow minded thinking on this website that has left a lot you many tens of thousands of pounds out of pocket.
Can you believe this??
It's all very well being wise after the event mate.
With your mighty investing intellect, I'd have thought you'd be spending the million you've accumulated over the years, rather than berating the other posters for not blindly jumping on the housing bandwagon. Perhaps can tell us what will perform best over the next 5 year? Houses, equities, commodities?
Oh yeah, sorry, houseprices always go up don't they?
14. Randomkevlar said...
No HPC, want about the x3 total you have paid the bank over the 25 years? Still a good deal cause as you say we all need somewhere to live but just blurting out how stupid we all are just make you look the fool.
15. inbreda said...
NOHPC - yes you could get a property with a mortgage, and after 23 years sell the property, repay the mortgage and pocket the difference.
Only trouble is that thanks to interest charges on the mortgage the mortgage will have more than doubled, leaving you, after 23 years, with a debt.
16. Nohpc said...
Wrong Inbreda. After 25 years or less taking into account wage inflation I will have paid off my mortgage, own my property AND it will be worth double what it is now.