Monday, July 23, 2007

High tax+IR rises= flat or negative house price inflation next year

House price rises "will grind to a halt" as interest rates bite

Unrelenting rises in house prices are finally expected to halt, dropping from well over 10 per cent today to less than 1 per cent by the end of next year, the Ernst & Young ITEM Club forecasts. According to the article, this is the first time the Independent Treasury Economic Model Club has raised fears about the buoyant housing market.

Posted by eyeore @ 06:27 AM (504 views)
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One thought on “High tax+IR rises= flat or negative house price inflation next year

  • david20040_0 says:

    Hmmm, but still climbing though.

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