Saturday, Dec 09, 2006

Guardian - no HPC in 2007

The Guardian: Where do prices go now?

Can house prices defy gravity again and keep moving ahead during 2007? Despite getting it wrong this year (most predicted a modest rise of between 1% and 4% when, in fact, house price growth for 2006 looks likely to top 8%), economists, estate agents and property gurus are gamely getting out their crystal balls for 2007.

Posted by jellycaster @ 10:49 AM (508 views)
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6 Comments

1. David20040_0 said...

Unfortunately I can see them going up 15% next year.

They trot this 'slow down' stuff out every year and it never happens.

Romania and Bulgaria join the EU in 2007, with loads of them coming over they will only go up.

Saturday, December 9, 2006 12:48PM Report Comment
 

2. Davros said...

So let me get this straight, none of those interviewed with vested interests in prolonging the housing boom, predict a price crash. Funny that.

If anyone can tell me under what circumstances we'd have otherwise, I'd love to know.

Saturday, December 9, 2006 01:49PM Report Comment
 

3. paul said...

"The good news for property owners - and the bad news for would-be first-time buyers - is that no one is predicting a price crash."

Apart from the chief economist at Morgan Stanley. And the FSA. And the Telegraph. But let's just forget about them - what would they know, eh?

Saturday, December 9, 2006 02:58PM Report Comment
 

4. Lawrence said...

The HPC will happen sooner or later, no need to worry.

Saturday, December 9, 2006 05:24PM Report Comment
 

5. Nohpc said...

Paul. For the article to be technically correct it should read "very few people are predicting a price crash". And out of them some are predicting a fall in "real" terms. Yes lawrence a price crash will happen sooner or later but there is need to worry. The longer it takes the less it drops in "real" terms. Prices would have to drop an extra 15% in London next year to wipe out last years gains. Anything up to 20% drop is not even a crash.

Saturday, December 9, 2006 10:40PM Report Comment
 

6. Chillilizard said...

I believe the immigration policy changes next year, so the Romanians and Bulgarians may have a little more difficulty coming to this country next year.

Monday, December 11, 2006 01:33PM Report Comment
 

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