Poll says house price inflation has peaked

mystic_trev

"LONDON (Reuters) - House price inflation has peaked amid signs higher interest rates are already biting and there is a risk of a correction starting this year if borrowing costs climb much higher, a Reuters poll shows."

http://uk.biz.yahoo.com/08022007/325/poll-says-house-price-inflation-peaked.html

"The Bank of England left rates unchanged at a near six-year high of 5.25 percent on Thursday, as widely expected, but a majority of analysts predict another hike to 5.5 percent by end-June following a surprise quarter-point rise last month"

andrew8018

It's true and I think the writing's on the wall now. In fact, I said a few years ago that if the one beds in Penge ever hit £200,000, there would be a 20-30% correction :eek:

Look......

http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=562852&agentid=06101

Woby_Tide

that says house price inflation has peaked, not that house prices have peaked. It was fairly obvious that house prices wouldn't rise by 20% every year *signs up for analyst status*

hearts

There's a Poll lives next to me and he thinks the exact opposite. He reckons there's a fair bit of play left in the housing market.
Suppose its down to which poll you believe ;-)

prudryden

As long as your financial resources are spread among other asset classes - shouldn't be a problem.