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music man

House Price Crash Not Ruled Out - Imf

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This may have been picked up before but I haven't seen it around.

So sorry if it has laready been posted.

(The potential for a house price crash still hovers over Britain, the International Monetary Fund has warned in its closely watched survey of the world economy.

The alert came as the IMF gave Gordon Brown a boost by lifting its 2006 growth forecast by 0.3 percentage points to 2.5pc, at the top of the Chancellor's target range.

The Fund warned that public sector debt will next year surpass 40pc of gross domestic product thus breaking Mr Brown's sustainable investment rule.

The biggest risk facing the UK economy is still a potential house price fall, the IMF has said in its World Economic Outlook. It warns the property market has cooled in the past 18 months, however, prices are still "richly valued" - code that they may have further to fall.

The message will come as a disappointment for many who had assumed that the risks associated with falling house prices had now been dispelled following a series of interest rate rises.

Despite these fears for the economy, the IMF said: "As the factors that dampened activity in 2005 wane, growth is expected to pick up to 2.5pc in 2006 and 2.7pc in 2007."

It warned the Government that "reforms of the pension system will be needed to address the inadequate level of private saving for retirement". It said: "The Pensions Commission's recommendations are a key first step in developing a consensus on the extent of the problem and the required policy measures." )

http://firstrung.co.uk/articles.asp?pageid...1795&cat=47-0-0

The article seems to back up many of the argumenmts here.

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This may have been picked up before but I haven't seen it around.

So sorry if it has laready been posted.

(The potential for a house price crash still hovers over Britain, the International Monetary Fund has warned in its closely watched survey of the world economy.

The alert came as the IMF gave Gordon Brown a boost by lifting its 2006 growth forecast by 0.3 percentage points to 2.5pc, at the top of the Chancellor's target range.

The Fund warned that public sector debt will next year surpass 40pc of gross domestic product thus breaking Mr Brown's sustainable investment rule.

The biggest risk facing the UK economy is still a potential house price fall, the IMF has said in its World Economic Outlook. It warns the property market has cooled in the past 18 months, however, prices are still "richly valued" - code that they may have further to fall.

The message will come as a disappointment for many who had assumed that the risks associated with falling house prices had now been dispelled following a series of interest rate rises.

Despite these fears for the economy, the IMF said: "As the factors that dampened activity in 2005 wane, growth is expected to pick up to 2.5pc in 2006 and 2.7pc in 2007."

It warned the Government that "reforms of the pension system will be needed to address the inadequate level of private saving for retirement". It said: "The Pensions Commission's recommendations are a key first step in developing a consensus on the extent of the problem and the required policy measures." )

http://firstrung.co.uk/articles.asp?pageid...1795&cat=47-0-0

The article seems to back up many of the argumenmts here.

See that webmaster/shaker? Someone else posted a link :P Virtual tenner in the post music man, or a couple of pints at the next HPC meet/night out ;):lol:

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See that webmaster/shaker? Someone else posted a link :P Virtual tenner in the post music man, or a couple of pints at the next HPC meet/night out ;):lol:

Damn you and that blasted website! ;)

EDIT: Toned down humour. :)

Edited by shakerbaby

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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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