Thursday, January 3, 2008

Demistify the house bandwagon

House Prices Double Every Seven Years, you wish!

"Most recently, I came across this claim in an interview with actress-turned-property-millionaire Fiona Fullerton in last weekend's Financial Times. Alas, while Ms Fullerton may be a successful buy-to-let baroness and author of Fiona Fullerton's Guide to Buying to Let, she doesn't have her facts right."

Posted by confused76 @ 11:43 AM (731 views)
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2 thoughts on “Demistify the house bandwagon

  • Finally, some hype de-bunking …

    Thus, a more truthful statement would be:

    “On average, UK house prices double every nine years. However, this is a trend and not a one-way bet, and prices can fall over extended periods.”

    Finally, I suspect that recent weakness in the housing market is set to continue, and that non-trivial house-price falls will be a feature of 2008. So, before buying a property, take a long, hard look at long-term price trends in the local area. Otherwise, if you take only the good years into account and ignore the bad years, then your retirement master-plan could come unstuck!

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  • yes i read this in the FT. I also read a few experts views on the propert market (res) next year. Apparently the bullish – +5% was Stuart Law (although to be fair there were others at that level) and the most bearish was a fox ! – down 10%. I wonder if the fox will have the last laugh – perhaps it was Basil Brush….Boom Boom!!

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