Wednesday, Dec 06, 2006

Nobody predicting a fall in 2007

Guardian: Predictions

Market variations
The strength of the housing market has surprised everyone this year, so what does 2007 have in store? Charlotte Moore asked the experts
Friday December 1, 2006
Guardian Unlimited
House prices have surprised everyone this year. Around 12 months ago the smart money was on a rise between 2%-4% for 2006, but the actual rate of inflation has far outstripped those forecasts - one recent estimate pencilled in growth of 8%. Many wonder if the market can continue in such rude health next year.

Posted by nohpc @ 11:00 PM (459 views)
Add Comment
Report Article

3 Comments

1. Davros said...

Strangely all the 'experts' from estate agents, mortgage lenders and property websites predict a rise and cannot forsee a fall. Considering that
the only circumstance that they would ever predict a fall would be if it had already happened, their predictions arn't really worth a lot.

It seems strange also that the views of the Chief Economist of Morgan Stanley who is ultimately independent and who predicted a crash in a blaze of publicity 2 weeks ago have been disregarded. There's Fred Harrison, director of the Land Research Trust too, who predicts a bust in 2007.

If I had to choose between a group of individuals who's business depends on the continued growth of the property market, or two unbiased economists of international regard, I know who'd I'd be putting my money on.

Then again, no one is predicting a house price crash supposedly.

Thursday, December 7, 2006 09:44AM Report Comment
 

2. sold 2 rent 1 said...

I am predicting the peak to be in 2007 with 2008 reserved for the standoff and start of the fall

Thursday, December 7, 2006 09:45AM Report Comment
 

3. Bootstrap said...

When the last bear leaves.....

Thursday, December 7, 2006 10:25AM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies