Tuesday, Dec 12, 2006

Property prices set to slow next year say HBOS

TimesOnline: Property prices set to slow down next year, says bank

David Stubbs, the RICS economist, said: The bleak outlook for first-time buyers looks set to darken", however Demand (for property) remains strong, disposable income is growing and buy-to-let investors substitute for first-time buyers at the bottom end of the market, he said.

That's right Mr Stubbs, I have so much disposible income I'm lighting the fire with 20 pound notes. I don't quite understand why with mortgage rates rising, fuel (Oil, Gas etc) rising and wages rising more slowly than true inflation where Mr Stubb's gets his data from but I'll take his word for it.

Posted by denzil @ 11:41 AM (504 views)
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