Jason Posted December 28, 2007 Share Posted December 28, 2007 First, here's the predictions for 2007: http://www.housepricecrash.co.uk/forum/ind...=39692&st=0 Quite a few posters got it spot on within a few %... Ok, in the usual tradition we have a prognosis of all the HPI indices for the year and we'll see who the closest is at the end of the year. Note: The year end will be December, i.e. the Halifax release this report a few days into the next month, so we'll use Decembers data. For Nationwide and Halifax (and any others), we will use the annual reported data. This is because they now report the yearly figures as the average of the last three months compared with the same three months a year prior. In this case, we will use their reported figures. Please quote in % to 2 decimal places. Please add a minus sign if negative. I'll use the main five indices for competition, but feel free to add predictions for the other measures Please copy below the text, and add in your prediction: Halifax ------------------------------------ Nationwide ------------------------------ DCLG (Formerly ODPM) ---------------- Land Registry (Quarterly data) ------ Hometrack ------------------------------- Quote Link to comment Share on other sites More sharing options...
Justice Posted December 28, 2007 Share Posted December 28, 2007 Well i was well out for 2007 and no water came out of the dam but all that presure building up has got to go somewhere and i think we are starting to see the cracks Quote Link to comment Share on other sites More sharing options...
Live_in_hope Posted December 28, 2007 Share Posted December 28, 2007 I'd go for what they are seeing in the US at the moment (wrt properties) Some areas seeing falls others rises equating to zero HPI for 2008 Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted December 29, 2007 Share Posted December 29, 2007 I'll go for -4% across the board.For once the indicies seem to be converging,the Nationwide,Rightmove and Hometrack,the first three to declare,are all showing just under 5% growth for 2007.Looks like with the MPC manipulating the market in the short term(abandoning the 2% target) we are unfortunately in for a slow strangulation until 2012 as opposed to a quick correction. Quote Link to comment Share on other sites More sharing options...
VacantPossession Posted December 29, 2007 Share Posted December 29, 2007 I was happily predicting 10-15% falls at least in 2008, but with the recent media headlines ludicrously claiming prices are rising again, I fear the power of the press to repeatedly hoodwink millions of idiots into panic buying houses at inflated prices is a real danger. I cannot remember another time in history when the accumulated ramping of the press has actually deflected an otherwise inevitable correction and has managed to change markets and economic logic. One can only hope that this time even the power of the media cannot stop the dominoes from collapsing, but I think it could be a danger. VP Quote Link to comment Share on other sites More sharing options...
Guest pioneer31 Posted December 29, 2007 Share Posted December 29, 2007 My prediction for 2008: VI Spin going into overdrive. - "It's a blip" etc Unprecedented levels of bleating for rate cuts from the usual suspects. Rate Cuts CPI still just over 2% More govt blunders Quote Link to comment Share on other sites More sharing options...
Guest mattsta1964 Posted December 29, 2007 Share Posted December 29, 2007 My prediction for 2008: Sterling will DIE The UK will take the Euro by default and without consultation Broon will be booted out of office to be replaced by another NuLabour stooge The people will demand an election. It will be denied There will be major civil unrest and chaos The economy will collapse House prices will fall substantially Quote Link to comment Share on other sites More sharing options...
Sinking Feeling Posted December 29, 2007 Share Posted December 29, 2007 (edited) Higher food prices Higher petrol prices Higher electricity bills Higher gas bills Higher council tax Higher costs of many raw materials for manufacturers CPI 2.5%, RPI 5.4% or there abouts by late spring. Weaker £ - Predict $1.85 and €1.32 by April. IRs 4.75% by year end and about to rise again! Turbulence in stock market, but finishes year at similar levels to today. House prices down much more than leading indicators show, but not expecting spectacular falls until well into 2009. Edited December 29, 2007 by Sinking Feeling Quote Link to comment Share on other sites More sharing options...
poppy10 Posted December 29, 2007 Share Posted December 29, 2007 House prices down 5% by end of 2008, except for London. Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted December 29, 2007 Share Posted December 29, 2007 House prices down by 25% except London which will be down 30%. Flat prices down by 50% in all city centres. Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted December 19, 2008 Share Posted December 19, 2008 House prices down by 25% except London which will be down 30%. Flat prices down by 50% in all city centres. looks like daft Boy gave the most accurate forecast on this thread a year ago. where does the time go to ? Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted December 19, 2008 Share Posted December 19, 2008 (edited) Ahem, thought this was a new thread. Ah well, here's for 2009... Halifax -18.50% Nationwide -16.50% DCLG (Formerly ODPM) -12.50% Land Registry (Quarterly data) - 12.50% Hometrack -14.50% Rightmove + 47.99% Edited December 19, 2008 by Crash Gordon Quote Link to comment Share on other sites More sharing options...
Jason Posted December 19, 2008 Author Share Posted December 19, 2008 Well done DaftBoy... Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted December 19, 2008 Share Posted December 19, 2008 looks like daft Boy gave the most accurate forecast on this thread a year ago. where does the time go to ? (+1, Justifiably Proud) Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted December 19, 2008 Share Posted December 19, 2008 Well done DaftBoy... Thanks Jason. Do I get a prezzie or something ? Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted December 19, 2008 Share Posted December 19, 2008 (edited) Halifax -30% no figure published Nationwide -33% DCLG (Formerly ODPM) -15% Land Registry (Quarterly data) -12.50% Hometrack -13% Rightmove -85% (Am ssuming this is athe rightmove share price??? ) Rightmove house price figures -14% Edited to raiseNationwide to 33% and say HBOS will stop publishing figures before end of Q2. Edited December 19, 2008 by TaxAbuserOfTheWeek Quote Link to comment Share on other sites More sharing options...
'Bart' Posted December 19, 2008 Share Posted December 19, 2008 Well done DaftBoy... He's not as daft as he looks. Quote Link to comment Share on other sites More sharing options...
Guest KingCharles1st Posted December 19, 2008 Share Posted December 19, 2008 Thanks Jason. Do I get a prezzie or something ? No Daft Boy- you get a free "all expenses paid" hillwalking holiday... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.