Thursday, May 31, 2007

May data confirm Land Registry’s picture

Nationwide says house prices still cooling

Yesterday's Land Registry report (for April) is confirmed by the May figures of Nationwide. The market is cooling, prices have decreased in many regions. In these "irrational exhuberance" markets, momentum (either up or down) is key. So expect the downward trends to continue, since trends feed themselves. I expect market will move up again in the affected areas when either rental yields will be again at 8%+ or expectation of future capital appreciation will be significantly positive (say 10% p.a.).... either of these may take years...

Posted by confused76 @ 12:09 PM (5 views)
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