Wednesday, Feb 07, 2007
CEBR Believe House Price Inflation Will Continue
TimesOnline: House prices up '£12,000' in 2007
The Centre for Economics and Business Research (CEBR) predicted that the value of the average house would jump by nearly 8 per cent in 2007. Thjey expect growth will, however, slow in 2008. "CEBR is forecasting house price growth of just 1.5 per cent in 2008, which is well below the general level of inflation, followed by a 3.9 per cent gain in 2009 and 7.1 per cent in 2010." Anyone know the track record of the CEBR?
Posted by talking rot @ 06:10 PM (152 views) Add Comment
9 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Ilejustwait said...
I think £1000 a month is about right, but it wont be going up by this amount each month it will be going down,
2. Surfgatinho said...
Ah the CEBR again. Predicting into 2010 and beyond!!! Shame no one even manages to ever get it right one year in advance. If this bunch really were experienced professionals they would not associate their brand with such wildly unpredicatable predictions!
3. Davros said...
> The CEBR thinks rate rises will be offset by the flood of money heading for the property market following the bumper City bonus season.
Are we seriously expected to believe that the most important factor in the entire countries housing boom is City bonusses rather than interest rates?? I'm sure the homebuyers of Scunthorpe are cursing their luck as slick businessmen snap up 2 bedroom starter homes from under their noses. You'd think too that anyone who was smart enough to earn a million pound bonus would know better than to put their money in property after a 10 year run.
Utter drivel.
4. bidin'matime said...
"Anyone know the track record of the CEBR?"
Yes - take a look at this from 2003 -http://news.bbc.co.uk/1/hi/business/2961549.stm. The CEBR have consultancy contracts with equity release companies and a lot of their eggs in the equity release basket. This does not necessarily mean that their forecasting is poor, but it comes (or should come) with a health warning.
5. Deadspider said...
http://news.bbc.co.uk/1/hi/business/4714741.stm
From 25/07/05
"Prices will fall 5% by 2007" .
6. george monsoon said...
Who the hell will be able to afford a house as a first time buyer in 2010??
You could sell me a 100 year - grip of death loan and I still wouldn't be able to afford the montly repayments, so unless you are extremely fortunate and are not a first time buyer then you are screwed.
Only thing is, this article is so inaccurate as to be laughable, so come on and CRASH already.. I need a home.
7. george monsoon said...
Who the hell will be able to afford a house as a first time buyer in 2010??
You could sell me a 100 year - grip of death loan and I still wouldn't be able to afford the montly repayments, so unless you are extremely fortunate and are not a first time buyer then you are screwed.
Only thing is, this article is so inaccurate as to be laughable, so come on and CRASH already.. I need a home.
8. David20040_0 said...
Unfortunately lads they just aren't going to crash and the sooner you relaise that, the sooner you'll relaise the only option left is to leave the UK.
9. David20040_0 said...
As I keep saying house prices just keep going up 1K a month, banks talk of a slowdown, but in reality it won't happen.