House Prices Set To Soar Next Year - Daily Mail Today!

Emy1501

Interesting article but in fairness prices have not risen due to the reasons they have given. Low interest rates have meant thoses who would have been forced to sell have not needed to.

Also were these not the same people who suggested that housprices would be about £300K in 2013?

googler

pinkshoes wrote: »

I take everything the DM prints with a pinch of salt, as they can't even emply journalists with a grasp of spelling and grammar!

Last year they were telling everyone of 40% drops by now (which didn't happen), and now they're talking about huge rises.

Along with the tightening of lending, I'd say the whole media hype has played an equal part in the recent housing market stand still!!

I count three errors, as highlighted above in bold, in this short post.... "People in glass houses..."

ess0two

IveSeenTheLight wrote: »

Interesting thread for reflection

And to think the daily mail comes in for lots of crticism.

maryotuam

The housing shortage only exists in the southeast. There is a glut of empty homes where I live so it's worth remembering that there is more to the UK than the SouthEast!!!

Bermuda_John

the average hosue price has risen, last month in the north east it fell by nearly 1%

pinkshoes

googler wrote: »

I count three errors, as highlighted above in bold, in this short post.... "People in glass houses..."

Probably why I'm an engineer and not a journalist... :rolleyes:

beccad

maryotuam wrote: »

The housing shortage only exists in the southeast. There is a glut of empty homes where I live so it's worth remembering that there is more to the UK than the SouthEast!!!

But also worth remembering that house prices aren't the only factor people take into consideration when in deciding where to live.

IveSeenTheLight

carolt wrote: »

According to the FT, people who put their money where their mouth is, ie bet on the future direction of housing, believe house prices will FALL by 30% by 2011:

"House prices are expected to fall by almost 30 per cent during the next three years according to the leading indices of property price futures, with more investors than ever looking to bet on long-term property prices as the value of their own homes fall.

About £50,000 ($98,752) will be wiped off the value of the UK average house price of £185,000 by 2011 judging by current trading on spread betting platforms, more than most commentators currently expect.

Residential price derivatives, which are commonly used by institutional investors, are also implying a fall of between 25 per cent and 30 per cent, according to Philip Ljubic, director of property derivatives at ABN Amro.
...
Tradition, an interdealer broker, meanwhile says that the average UK house price is expected to fall to £153,591 next year and to £137,233 in the next three years, and only begin its recovery in 2011."

http://www.ft.com/cms/s/0/a24ab0be-61a9-11dd-af94-000077b07658.html?nclick_check=1

IveSeenTheLight wrote: »

Interesting thread for reflection

This is still an interesting thread for reflection.

HAMISH_MCTAVISH

carolt wrote: »

According to the FT, people who put their money where their mouth is, ie bet on the future direction of housing, believe house prices will FALL by 30% by 2011:

"House prices are expected to fall by almost 30 per cent during the next three years according to the leading indices of property price futures, with more investors than ever looking to bet on long-term property prices as the value of their own homes fall.

About £50,000 ($98,752) will be wiped off the value of the UK average house price of £185,000 by 2011 judging by current trading on spread betting platforms, more than most commentators currently expect.

Residential price derivatives, which are commonly used by institutional investors, are also implying a fall of between 25 per cent and 30 per cent, according to Philip Ljubic, director of property derivatives at ABN Amro.
...
Tradition, an interdealer broker, meanwhile says that the average UK house price is expected to fall to £153,591 next year and to £137,233 in the next three years, and only begin its recovery in 2011."

http://www.ft.com/cms/s/0/a24ab0be-61a9-11dd-af94-000077b07658.html?nclick_check=1

Wow.

What a remarkable display of stupidity.

How is it possible that this person has not learned from their previous several thousand posts of being spectacularly wrong?

The mind boggles....

quantic

While I don't think that this article has an ounce of credibility. I do believe that as these kind of articles can only help the market to recover. I think people underestimate the influence of the media.

A lot of people read these articles and news stories as fact. Over the past year or more almost every article has been about falling house prices, which in turn scares off a lot of people who read them.

Its amazing what a bit of hype can achieve.