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Realistbear

Reuters Poll: Property "overvalued" According To 80%

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I have never seen so much bearish news in one week than I am seeing this week? :blink:

http://investing.reuters.co.uk/news/articl...OUSING-POLL.xml

'Overvalued' housing market to cool next year

Thu Aug 24, 2006 12:25 PM BST169

By Ross Finley
LONDON (Reuters) - A revival in the housing market is set to cool off later this year and into next, with rising interest rates and overvalued property preventing further big price rises, a Reuters poll showed on Thursday.
A poll this week of 29 economists and property analysts showed median forecasts for just six percent house price inflation by year-end compared with nearly 9 percent by some measures at present.
They predicted that would slow to 3.5 percent in 2007.
Nearly 80 percent of the analysts who answered the question -- 17 of 22 -- said the market was overvalued, up from two thirds three months ago.
The rest said house prices, which have more than doubled since the late 1990s, were fairly valued.

The ones who said houses were failry valued must have been EAs or owners of BTLs :lol:

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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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