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Debate House Prices


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Just over a week to go...

...until the spending cuts are revealed.

I will be relieved to hear about the cuts as they are seen by many as the final act before the property market decides where it is going.

Force of will is not going to keep prices up or push them down and comedy squabbles between characters on here make no difference either. Although I suspect many will still find time to be irritating over the whole thing...

In my view, if the property market is going to slide then it’s going to happen in next six months after the cuts are revealed.

If it doesn’t happen as a result of these cuts and tax rises then it isn’t going to happen.

Interest rates are a red herring as they will be increased in line with economic growth and hence their effect will be limited – I think that much is obvious from the actions of the BofE.

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