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House Prices To Rise By 20%...
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.dailyexpress.co.uk/posts/view/190600HOUSE prices are set to soar by almost 20 per cent in the next four years, according to experts.
This will lift thousands of households out of negative equity, with the average family home gaining more than £30,000 in value.
The forecast defies doom-mongers who predicted Britain would face a double-dip housing recession.
Martin Gahbauer, chief economist at the Nationwide building society, said: “It’s not a double dip and it’s not a massive boom, which would not be good for the market.
“People can be cautiously optimistic. If it turns out that way, it would probably lift quite a few people out of negative equity within two to three years.”
And Emma Partridge of Halifax, Britain’s biggest mortgage lender, said there was further good news for home owners.
She said: “Because this is happening at the same time as low interest rates, it’s providing people with the opportunity to pay more to improve their equity. And if there aren’t going to be any further drops in house prices then that enables people to bolster their equity as well.”
:beer:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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HAMISH_MCTAVISH wrote: »
The Daily Express
:beer:
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Ha! And these quoted experts don't have an interest in talking up the mortgage debt market?0
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I always treat the Daily Express with the contempt it deserves.
This is how the headline looks on my buttocks this morning:
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
People always said HPI in line with inflation was best, now we have it and people still whinge!
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Is this going to happen before or after the 600,000 jobless ex-public sector workers find meaningful employment?0
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that's exactly the same CERB stuff you posted yesterday...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
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desperate; sadly desperate.
reduced to posting daily depress h/lines.
on a scale of 1 - 10 for gross stupidity you score 12.0 -
Better off reading Viz. A far funnier comic.0
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Odd how the Express is a very respected source when they report the opposite. Anyone would think you're all massively discrediting yourselves.
Again.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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