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Housing Market Will Double Dip, Says Reuters

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http://www.introducertoday.co.uk/News/Story/?storyid=3692&type=news_features

Housing market will double dip, says Reuters

No shit, shame the fools can't actually forecast the event before it happens...

Friday 19th November 2010

The housing market is in for a double dip, a new Reuters poll of 30 housing market analysts found.

The poll, taken over the past week, found over two-thirds predicting UK house prices will “double dip”, with most expecting a 5% fall from current levels.

One economist, John Hawkesworth at PwC (Price Waterhouse Coopers), said: “There are likely to be further falls in house prices over the next year given the dampening effect of the fiscal squeeze, restricted mortgage availability and fragile household confidence levels.”

Another analyst, Ray Boulger of brokers John Charcol, said: “In the short term the biggest risk to house prices is the FSA’s Mortgage Market Review.”

The poll showed monthly mortgage approvals stagnating at around 50,000, less than half the 104,000 monthly average in 2007.

5%? good luck with that!

Looks like old Ray 'liar loan' Boulger didn't miss a chance to voice his objections to any sensible regulation to the mortgage Market.

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I feel, people who say 5% are really clever. They think buyers, just think Ah.. its just 5% .. now let's buy !!

but truth is.. buyers are more clever.. they will look out for extra 5% and many such waits will lead to collapse dry.gif

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I feel, people who say 5% are really clever. They think buyers, just think Ah.. its just 5% .. now let's buy !!

but truth is.. buyers are more clever.. they will look out for extra 5% and many such waits will lead to collapse dry.gif

I hope so :D

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how can boulger be so thick-witted as NOT to notice the macroeconomic connection between market cycles and FSA-legislation? what a total loon...

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how can boulger be so thick-witted as NOT to notice the macroeconomic connection between market cycles and FSA-legislation? what a total loon...

Well he can, but he is engaged in a full on lobbying offensive against the FSA. And they are probably buyable too. Charcol and Co probably buy sponsor the plants in reception at the FSA, as well as providing Grant Shapps with a little extra! rolleyes.gif

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Ray Boulger of brokers John Charcol, said: “In the short term the biggest risk to house prices is the FSA’s Mortgage Market Review.”

He seems to be trying to make house prices sound like a group of people we should be worried about, not something we all have to pay for. Repeat after me... Inflation is bad.

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yeah, but didn't you all hear - everywhere else might 'crash' 5% but London is immune.

Oh yes.

http://www.thisislondon.co.uk/money/article-23899384-house-prices-in-the-capital-to-defy-expected-5-percent-uk-fall.do

London house prices will shrug off a 5% slide across the rest of the UK next year as buyers scrap for scarce properties, the estate agent Carter Jonas said today.

Hmm. A quick check and Carter Jonas have London offices in Holland Park & Notting Hill , Hyde Park & Bayswater , Mayfair & St James's , Marylebone & Regent's Park , Knightsbridge & Chelsea - all prime areas.

Prime for a twatting in prices, that is.

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excellent considering both are already nearly 5% below their 2010 highs

I look forward to Mondays revealing Reuters forecast: Miners to go head to head with Maggie

Edited by Tamara De Lempicka

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http://www.introducertoday.co.uk/News/Story/?storyid=3692&type=news_features

No shit, shame the fools can't actually forecast the event before it happens...

5%? good luck with that!

Looks like old Ray 'liar loan' Boulger didn't miss a chance to voice his objections to any sensible regulation to the mortgage Market.

Meanwhile, in Other News -

Bears found to be Catholic

Pope found shitting in the woods

HTH :rolleyes:

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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