Saturday, January 5, 2008

House prices will rise for ever, says Halifax

South-east and Scotland forecast to buck slowing prices trend

Chief price pumper at the Halifax says places with below average prices could see double-digit growth this year. Since there is always somewhere with below average prices, it follows prices will always rise. Onwards and upwards. Martin Ellis, you're a genie' [email protected], with a salary to match no doubt.

Posted by letthemfall @ 03:30 PM (556 views)
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5 thoughts on “House prices will rise for ever, says Halifax

  • I do hope someone decides to sue for this investment advice at some point in the future.

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  • Well duh, with a flat national market there are bound to be regional variations. Some towns will boom (e.g. Aberdeen could well enjoy a few strong years until the north sea oil runs dry), and some towns will lose out. It was ever thus.

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  • Recently Lochgelly was supposed to be the cheapest place to buy a home in Scotland, so I guess it’s playing catchup. But I can’t see house prices rising too dramatically there. Dunfermline is much nearer to Edinburgh for commuting and new-builds there are dropping in price.

    Paisley’s not exactly a popular first choice, but if housing is cheaper there and people can’t afford to buy elsewhere they may have no option.

    Personally I don’t see prices rising too much in each of these places because I would guess that their main attraction is cheaper prices.

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  • Desperate.

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  • Chatham. MMM. Isn’t that where the term chav comes from ? I also beleive it’s were they’ve decided to build a
    wacking big coal fired power station. I’m guessing Sharlene has just bought at the top of the market
    like a lot of early early 30s FT colleagues. No vested interest there then.

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