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Building Societies Association Predictions For 2006

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Blah blah blah.. Same old same old. Economists think housing is overvalued but we, the mortgage lenders, know better.. :angry:

Concerns remain about property being fundamentally overvalued, and although the magnitude of the impact of downside risks could be considerable, they now appear less likely than they did a year ago. The soft landing achieved in 2005 has resulted in analysts justly regarding the most probable scenario in the housing market for the next few years as subdued growth in nominal house prices and a gradual realignment of the market in relation to earnings.

I think the last couple of sentences of the article is worth reading. I'd summarise as:

There is a downside risk to property, and thos risk could be considerable;

House prices and earnings are likely to reallign in time.

Not quite as bullish as the normal VI's.

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  • 301 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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