Friday, November 25, 2011

CEBR jokers at it again

HOUSE PRICES TO SOAR BY 15%

HOUSE prices are set to increase by 15 per cent over the next five years, say leading economists. Douglas McWilliams, chief executive of the Centre for Economic and Business Research, said: “It's important to realise that the UK has a housing shortage, which is shown by the recent rises in rents. In addition more quantitative easing by the Bank of England, means that gradually mortgages will be easier to come by."

Posted by little professor @ 02:09 AM (2982 views)
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14 thoughts on “CEBR jokers at it again

  • little professor says:

    Alternative take on the same CEBR press release

    Bloomberg: U.K. House-Price Outlook Has Become More Gloomy on Growth Fears, CEBR Says

    The outlook for Britain’s housing market has become more gloomy in recent months as economic growth falters and unemployment rises, according to Centre for Economics and Business Research, which lowered its price-growth forecasts.

    Home values will rise 1.6% in 2012 after falling 1% this year, the London-based group said. CEBR, which previously forecast that prices would increase 2.4% next year, cut its annual projections through to 2015.

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  • Rodney Dawkins says:

    The great thing about home-owning democracy in Britain is its resilience to allowing young people, and vulnerable people any chance of escape from the yoke of rent. After all, with negligible interest rates, and poor pension returns. The most effective way to provide for your dotage is to squat on the supply of the most essential commodity, ie. housing. This lack of productive effort in the economy can be offset by importing Polish immigrant labour.

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  • Another article by Sarah O’Grady using that same photo, oh and with the first comment by Sibley at 12:20am.

    Just seems like a windup to me.

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  • What a totally cr*p paper the Express has become – same photo, same re-worked story..

    ..the circulation of this paper falls year after year – 50 years ago it sold nearly 4.5 million copies a day, now it’s less than 640,000..

    ..can’t be long before it folds..

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  • little professor says:

    What a totally cr*p paper the Express has become – same photo, same re-worked story..

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  • wonder if daily express has been tapping phones too

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  • Ironically this may not be far from the truth. As much as i want to see house prices drop by 50% the cycles of money dont quite work in the way we might want. The housing bubble, inflated by years of easy money has ended but it wont go without a fight. However there are those that still believe that it is a never ending bubble which will go on forever, these people dont understand how markets work. There are those who do and understand the nature of economic cycles, and those who want to get out of the market with their money intact. To this end the prices of houses will increase both by inflation, and market manipulation, just so the big money that hasnt got out allready can exit the market,with the smallest losses. All those who are trapped will believe that the rise in prices which will happen over the next three years will mean the good times are back again and there is easy money to be made once again. There are also those who can see that this doomed rally will just be the final bounce before the big crash occurs. So 2015 will be the final exit before the market falls to its final low in 2032. Remember its all happened before, ITS ONLY TIME!

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  • Mark – probably Stuart Law’s by the look of it!

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  • actually with inflation at 5%, maybe they will go up by 15%, but it will just mean theyre just keeping pace with inflation.

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  • general congreve says:

    @7 – Brilliant!

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  • Does the person who writes this BS have their own office or are they phoned in from their secure unit – it reads pretty delusional from where i’m standing.

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  • For those who just simply can’t afford to buy a home in their own country, the Daily Express is pointing out what we are all missing out on.
    Thank you.

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  • Good heavens! The Daily Express is wrong! What a shocker!

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  • Sibley O’Grady ???

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