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Express - 1M Sales To Fuel Property Boom

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http://www.express.co.uk/news/uk/392011/1m-sales-to-fuel-property-boom

Analysts have set the target after forecasting a 7.5 per cent rise in transactions in 2013, the highest since the 2007 peak.

They then predict a further 7.8 per cent rise to 1.08 million in 2014.

House prices are also predicted to be on the way up – staying stable this year, but rising by 2.1 per cent next year and by five per cent in 2015.

The news from the Ernst & Young Item Club comes with mortgage costs starting to fall as lenders take advantage of the Government’s £80billion Funding for Lending scheme and plans to underwrite £130billion in mortgages from next year.

A bit of comedy VI reading from the express. Enjoy.

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The publishers ask for 50p for each copy of the Daily Express but most supermarkets give them away for free in their cafes and of the rest quite a lot get sent back to the publishers.

So it ranges from worthless to 50p - and it's not even valued as fish and chip wrapping these days.

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to me that quote reads.

"if you sell next year, you'll get more money than this year"

so are they actively seeking a stalled property market this year, in the hope it get better next year, with government intervention.

trying to trick buyers to buy this year, and trying to get sellers to sell next year

Edited by Monkey

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Unless we are all mistaken, inflation has increased the cost of everything, except for housing... outside of select bits of London... plus people have gotten both less wealthy AND much more insecure in their finances, and career.

Wait and see approach.

Edited by cashinmattress

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  • 238 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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