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House Prices to rise by 25%
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http://www.express.co.uk/posts/view/54301/House-prices-to-rise-by-25-HOUSE prices will soar by nearly a quarter over the next five years, it was predicted yesterday...
The findings are revealed in a report published by the National Housing Federation...
The document – researched for the federation by specialists at Oxford Economics – forecasts that house prices will fall by about two per cent in 2009 before starting to recover in 2010.
The experts predict that prices will then rise dramatically over the following three years and by nearly 10 per cent in 2013 alone.
The study says that the average property in England valued at £222,600 at the end of 2007 will be worth almost £275,000 in five years – a rise of 23.4 per cent...
"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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I'll believe it when I see it...Spring into Spring 2015 - 0.7/12lb0
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:rotfl: "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
That report says:
Average house prices in England are set to rise by 25% by 2013, a National Housing Federation report says.
It sees prices falling 4.4% in 2008, 2.1% lower in 2009, recovering by 2010 and rising at over 9% in 2012 and 2013.
House price are already down more than 6%, so the 4% this year looks odd, to say the least!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
In other news...
"Child asthma lower in children abducted by pedophiles " Garry Glitter Foundation
"Pasty link to long life" Greggs Trust
"Watching TV makes you thin" BBC
etc etc etc
National Housing Federation
http://www.housing.org.uk/default.aspx?tabId=171
What we do
The National Housing Federation represents 1300 independent, not-for-profit housing associations in England and is the voice of affordable housing. Our members provide two million affordable homes for five million people.
Mission and strategic aims
The mission of the National Housing Federation is to support and promote the work that housing associations do and campaign for better housing and neighbourhoods.
Our five strategic aims are:- to create the conditions for our members to flourish
- to ensure housing associations have a strong and positive reputation
- to lead the housing and neighbourhoods policy agenda nationally and locally
- to provide excellent, highly valued organisational and business support for all our customers and their tenants
- to ensure the National Housing Federation is an exemplary organisation and a great place to work.
http://www.oef.com/OE_About.aspAbout Oxford Economics
Economics matters. Combining skilled analysis with detailed information on the global economic environment creates a firm base for your decisions.
Oxford Economics was founded in 1981 as a commercial venture with Oxford University's business college to provide economic advice, forecasts and analytical tools to international institutions, governments and blue-chip companies.
Building on these foundations, we are now an independently-owned world-leader in high quality, quantitative analysis and evidence-based business and public policy advice"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
I heard that on the radio this morning and laughed out loud!!!!
It is about as likely as me being a sze 10 by tomorrow!!!!!"This site is addictive!"
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I really don't know why everyone here is being so dismissive of 25% over 5 years. Thats a CAGR of around 4.5%. I'm not sure what the CAGR has been over the last 20 years but I would imagine the through-cycle CAGR would not be far off this.
Does anyone know this?0 -
Where does it say that please? Nothing in the link I posted.neverdespairgirl wrote: »...It sees prices falling 4.4% in 2008, ...
Here's the actual report
http://www.housing.org.uk/Uploads/File/HomeTruths/home_truths_2008.pdf
Nothing there either about the size of price falls in 2008 as far as I can see."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
I really don't know why everyone here is being so dismissive of 25% over 5 years. Thats a CAGR of around 4.5%. I'm not sure what the CAGR has been over the last 20 years but I would imagine the through-cycle CAGR would not be far off this.
Does anyone know this?
According to Nationwide, house prices grew on average by 256.65% over the past 20 years - that equates to over 5% pa (compounded) and obviously includes the crash period of the early 1990's"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
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