Friday, December 28, 2007

VI’s optimistic to the end

2008 INSIGHT: A tough year for property

The second half of 2007 was particularly tough for mortgage lenders and the property market in general as the US sub-prime crisis hit credit markets around the world. However, many players in the market are still optimistic about 2008, despite claims that the UK housing market could suffer a severe blow from the credit crunch.

Posted by jack c @ 06:42 PM (1017 views)
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5 thoughts on “VI’s optimistic to the end

  • Cheekie Charlie says:

    Evan thinks they may be a IR rise.
    4. On the pound, my guess is that it will fall alongside the dollar. The UK economy has to switch its emphasis from domestic consumption to exports; that requires the pound to fall, and the authorities will let it do so. If I’m wrong about inflation, the falling pound will cause problems and may be curtailed by interest rate rises.

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  • it_is_going_with_a_bang says:

    As soon as I see a quote from “Assetz”, personally, I lose all interest in any article.

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  • Perhaps Assets should relaunch themselves as Azzetz so even less intelligent people could take them seriously.

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  • I think they’re well named. Their name is a play on words on what ought to be a serious concept; personal wealth. Maybe an “r” as the second letter might soon be more apt within the next few months!

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  • IIGWAB. I know what you mean. Compare Assetz view with that of Capital Economics – as reported by the BBC.

    Assetz:
    “However, Stuart Law, chief executive of Assetz, says the market has suffered, but the outlook is not as disastrous as some media reports have suggested”

    Capital Economics:
    “In view of the recent news flow from the market, coupled with growing evidence that the economy is on the verge of a sustained slowdown, we have cut our forecasts,” said the consultancy’s Ed Stansfield.

    “We expect house prices to fall 5% next year and by a further 8% in 2009, wiping out the gains of the last 18 months.

    “The long overdue housing market correction now appears to be underway.”

    http://news.bbc.co.uk/2/hi/business/7150229.stm

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