Wednesday, Jun 07, 2006

Prediction on house prices

Sky News: House Prices Set To Leap

House prices look likely to increase at more than three times the rate previously predicted this year, an industry body has claimed.

Posted by kc @ 01:43 PM (548 views)
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13 Comments

1. Twopper said...

The CML again!!!
I think we all know by know that the CML report what they would like to see happen - this is not to be confused with that annoying little thing REALITY.

Wednesday, June 7, 2006 02:43PM Report Comment
 

2. harold said...

Bosh and tollocks.

Wednesday, June 7, 2006 02:52PM Report Comment
 

3. Squeeze said...

fact: 3 senior economists on the monetary policy committee couldn't agree what the interest rate should be last month as they have no idea what's going on in the economy
fact: personal debt is reaching worrying levels
fact: it's not just first time buyers who are struggling to get a foot on the property ladder but those of us with properties are unable to move up the property ladder.
fact: current house prices are unsustainable.

Wednesday, June 7, 2006 03:13PM Report Comment
 

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5. denzil said...

Unlike the BBC not to have this in flashing neon on their website.

Notice how the consumer is touted as returning to the retailers at the same time there is big talk of house prices increasing. It's actually the only thing that drives Gordon Brown's economic miracle.

Wednesday, June 7, 2006 03:40PM Report Comment
 

6. Devil's Advocate said...

The frightening thing is joe bloggs reads these articles and then jumps on the bandwagon overextending themselves in blind fear of being left behind. Got to admit the current rise have made me think that perhaps they will continue to rise.

Wednesday, June 7, 2006 04:54PM Report Comment
 

7. Paul said...

Haha. Presumably they reckon the MPC to have made their June rate decision by now so it's all clear for talking the market up again until a week short of this time next month!

I don't know which surprises me more - the public falling for it or the MPC.

Wednesday, June 7, 2006 06:05PM Report Comment
 

8. harold said...

"Got to admit the current rise have made me think that perhaps they will continue to rise."

DA, has it indeed. Then I suggest you skip off to your nearest EA. On the other hand, you might just be sitting in an EA office already, dressed in a sharp suit.

Wednesday, June 7, 2006 06:13PM Report Comment
 

9. tyrellcorporation said...

As I've mentioned before a property 'ladder' doesn't now really exist. You may buy your two-up-two-down at 200k but will be paying for it for 25 years with no prospect of an upgrade. The PL is a cruel myth peddled by the BBC and all other VIs!

Wednesday, June 7, 2006 06:39PM Report Comment
 

10. Paul said...

harold, I doubt DA is an EA. They're not usually that bright.

tyrell, that's very true regardless of what you think about the HPC. There is no such thing as a ladder now. The first rung is the only rung.

Wednesday, June 7, 2006 07:56PM Report Comment
 

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12. This comment has been removed as it was found to be in breach of our Blog Policies.

 

13. Talman said...

Slow news day for Sky I think! Where's a giant rabbit story when you need one?

Difficult to imagine why broadcasters wilfully ridicule themeslves by quoting typical VI (B.S) in this way. Not that I'm particularly bothered. Flames burn brightest before they go out so I just look at these articles as either VI panic stations to talk up a doomed market or a true pre-curser to disaster.

Either way they're stuffed.

Wednesday, June 7, 2006 11:28PM Report Comment
 

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