Jump to content
House Price Crash Forum
cjo

3% In 2006? What's Their Record?

Recommended Posts

With prices predicted to rise 3% by the Halifax, Nationwide (RICS saying 4%), can anyone remember:

What were the corresponding predictions from the Halifax etc. this time last year? How did these correspond to what actually happened?

Given that they have a vested interest in looking on the bright side, how much brighter than the dark side might this be?

(I agree, too, that with figures close to inflation, 3% isn't exacly much of a 'rise'.)

Share this post


Link to post
Share on other sites

If you dont own a property then 3% is a hell of a lot of saving and the goalpost gets even further away.

Houses cannot go up at 3% each year that is just ridiculous, they will bottom out.

Share this post


Link to post
Share on other sites

If you dont own a property then 3% is a hell of a lot of saving and the goalpost gets even further away.

Houses cannot go up at 3% each year that is just ridiculous, they will bottom out.

OK - point taken. Although with interest rates on any deposit comparable, and salary inflation similar too, 3% is surely still fairly steady compared to what we've seen? Still that wasn't my main point of course - any thoughts on the accuracy of last year's predictions?

Share this post


Link to post
Share on other sites

With prices predicted to rise 3% by the Halifax, Nationwide (RICS saying 4%), can anyone remember:

What were the corresponding predictions from the Halifax etc. this time last year? How did these correspond to what actually happened?

Given that they have a vested interest in looking on the bright side, how much brighter than the dark side might this be?

(I agree, too, that with figures close to inflation, 3% isn't exacly much of a 'rise'.)

Halifax predicted a 2% fall, which was too pessimistic. Nationwide predicted a 2% rise, which was pretty much spot-on.

If you dont own a property then 3% is a hell of a lot of saving and the goalpost gets even further away.

Houses cannot go up at 3% each year that is just ridiculous, they will bottom out.

As long as salaries continue to go up by 4% a year, then the goalpost is (slowly) getting closer.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 333 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.