Monday, December 3, 2012

One of Thatcher’s seven wize men, Patrick Minford, says they’re going to jump 29% by 2016

Surge in house prices predicted for West homes

Property owners in the South West can expect a big jump in the value of their homes over the next few years, according to new research. Industry experts says house prices in the region are set to jump a cumulative 29 per cent between now and the end of 2016. The forecast comes in the BNP Paribas Real Estate’s recently published Housing and The Economy report pulled together by Professor Patrick Minford, a former economics adviser to Margaret Thatcher and current Professor of Economics at Cardiff Business School.

Posted by hatonthebed @ 12:49 PM (1086 views)
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2 thoughts on “One of Thatcher’s seven wize men, Patrick Minford, says they’re going to jump 29% by 2016

  • I’ll just quickly tackle the numbers here.
    29% increase by 2016, but 0.4% increase in 2013.
    That means that in 2014 and 2015 we’d need nigh on 15% annual growth (or 10% annual growth if they mean 2014, 2015, and 2016). Seems unlikely, to say the least.

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  • Unfortunately this means less people to care for the rapidly aging population down there.

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