Tuesday, Nov 14, 2006

29 of 39 Economists say UK Property is Over Valued

Reuters: FACTBOX-Reuters November poll on UK house prices

Nov 14 (Reuters) - Reuters surveyed 32 economists for their views on British house price inflation, whether current house prices are overvalued and the likelihood of a correction in the coming year.

Posted by tinecu @ 09:41 PM (410 views)
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6 Comments

1. Tinecu said...

Oops! Actually 19 of 29. Sorry.

Tuesday, November 14, 2006 09:53PM Report Comment
 

2. Nohpc said...

The opinions of economists are over-valued. Everybody knows that the property market is over-valued but a property is a place to live for you and your family and it is worth whatever you are willing and can afford to pay for it if you feel it is the right place.

Tuesday, November 14, 2006 10:01PM Report Comment
 

3. Veritas said...

Reuters then went on to do a survey about Christmas, whether it had lost its meaning, and whether it was over-rated. Of 32 turkeys questioned, 20 happy-go-lucky ones said they thought it was a great idea - presents, gifts, wine, and festive fun for days on end, 10 rather naive ones said "What is Christmas?", but only 1 wise old bird said that for personal reasons he'd prefer not to divulge, he'd be happy if it was abolished altogether - the sooner the better. Moral of the story - only 1 knew what he was talking about, the rest didn't have a clue. Notice any similarities?

Tuesday, November 14, 2006 11:17PM Report Comment
 

4. d'oh said...

Perhaps the contributor should read more carefully. 19 out of 32 said the market was overvalued, and the median extimate of overvaluation was 12.5%. The median estimated probability of a correction in 2007 was 10%.

Wednesday, November 15, 2006 08:34AM Report Comment
 

5. European-bear said...

To my mind one of the most significant things in this report is the number of economists from lending institutions who have been talking the market up to market their rediculous loans...

Wednesday, November 15, 2006 08:48AM Report Comment
 

6. Bfskinner said...

it would have been interesting to see the breakdown of who said what from the main lending institutions v others

Wednesday, November 15, 2006 06:10PM Report Comment
 

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