Saturday, December 30, 2006

Edmund Conway is downbeat on HPI

The end is nigh …

Just when you thought house prices couldn't go any higher, they don't. At least that's the bold prediction of our Economics Editor, Edmund ConwayThere's no easy way of saying this, so here goes: 2007 could be the year the housing market finally rediscovers gravity, and comes down to earth with a crunch.

Posted by sold 2 rent 1 @ 04:00 PM (710 views)
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4 thoughts on “Edmund Conway is downbeat on HPI

  • I like the sentiment of the article but Mr Conway doesn’t seem to have taken BTL into the equation. He talks of the housing market as if it were just families having to tighten belts a bit to get through the worst of it. He doesn’t seem aware of the army of amateur landlords out there who might get very jittery at the prospect of a few years stagnation or even a decrease in house prices

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  • Doesn’t sound too downbeat to me. He says zero percent growth for a few years. That would be the perfect scenario for everybody and one that I think the government and BoE hope to engineer.

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  • Yawn.

    Next year, we’ll still be here, and still be sad, because a House Price Crash still won’t have happened. It is destined for 2020 and be a drop of 20%, so houses will no longer be totally, hugely, incredibly unaffordable; they will only be totally unaffordably.

    2008 looks like being an interesting year.

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  • Dont knock him – he’s a bear, but he’s paid not to frighten the masses. He bought a house earlier this year (according to an earlier report in his column) so he doesnt want to see prices fall, but he admitted that it was domestic pressure that brought that about – he still fears a fall.

    If nothing else, it’s a lift just to see the headline!

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