Tuesday, Dec 22, 2009

Green shoots aplenty

Independent: House prices to keep rising next year

House prices will continue to defy predictions of reverses, rising by 1 to 2 per cent over the course of next year, the Royal Institute of Chartered Surveyors (RICS) forecast yesterday. The body said that despite warnings that the housing market recovery might prove temporary, it believed that continued shortages of supply and rising demand would push prices up. The prediction is in contrast to warnings from economists such as the former Monetary Policy Committee member Kate Barker, who has said that the recovery might not be sustainable. Organisations such as the National Association of Estate Agents and the Council of Mortgage Lenders have said that a shortage of first-time buyers might act as a natural brake on the market. Stamp duty rises in January may also be a problem.

Posted by drewster @ 07:11 AM (1559 views)
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3 Comments

1. wdbeast said...

This is just RICS (the ultimate VI) sat at the proverbial poker game, they are bluffing that they are holding a pair of aces, we know they have 2 and 7 off suit!

Tuesday, December 22, 2009 07:55AM Report Comment
 

2. quiet guy said...

"1 to 2 per cent"

Remarkable. The margin of error in this prediction is ... ???

Tuesday, December 22, 2009 09:42AM Report Comment
 

3. Smiling said...

blimey you lot still around!!
@1 -wdbeast said... they are bluffing that they are holding a pair of aces, we know they have 2 and 7 off suit
........burying your head in the sand doesen't make the problem go away wdbeast, people like baldy Bootle, really should take a good look at them selves and the disgraceful predictions that grace the front page of HPC. Even if the recovery is stimilus based or due to low interest rates etc, to not have built this into the eqation is pretty poor stuff, after all Bernanke was shouting from the rooftops in OCT '07 that the powers that matter would throw the kitchen sink at it. Don't cry foul play lads, just try to work out your next move. This site has now been going for quite a few years and it's pretty laughable that things haven't gone right for the doomsters yet give the generally accepted severity of the crisis that we are now coming out of.

Tuesday, December 22, 2009 11:33AM Report Comment
 

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