They are usually academic, but here are the main house price forecasts for next year.
You can trust that all will be significantly adjusted in about July next year and then again in November, when it’s all gone a bit haywire.
Savills: 7%
Howard Archer: 6%-7%
Rightmove (asking prices for properties coming on to the market): 6%
Nationwide: 3%-6%
Halifax: 5%
Knight Frank: 4%
CapEconProperty: 2.5%
Henry Pryor: 2%
Comments (4)
Dependent on postcode. Several London districts -30% a few provincial areas +20%, over all chaos!
A digital tear out for you Oldtimer. Merry Christmas!
7th December 2012 Rosalind Renshaw reported
The good news is that the worst is over. The bad news is that there won’t be a true recovery for another five years – and even then, it depends on what your definition of ‘recovery’ is.
According to a new report, the UK housing market has bottomed out and we are now inching back towards that recovery which will finally arrive in 2017.
A new research report from Legal & General Mortgage Club and think tank CEBR, ‘A New Normal in the Housing Market’, identifies eight key factors preventing the UK housing market from reverting to a ‘normal’ state before then.
Pre internet I used to tear out the predictions (guesses) from the papers and put them in the bottom drawer until the following Christmas then get them out and have a good laugh. No change here then!
What were last years predictions and what were the actual figues? Then these may mean something but not a lot the market will move its own way. Mr Osborne has changed the market with the 3% tax on new rented property!!!, what other treats are in store.