http://www.financemarkets.co.uk/2010/02/02/house-prices-up-20-by-2013-cebr-predicts/ Finance News | UK Personal Financial News & Daily Finance Market News Mon, 14 May 2012 17:44:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://www.financemarkets.co.uk/2010/02/02/house-prices-up-20-by-2013-cebr-predicts/comment-page-1/#comment-22193 C Roberts Mon, 12 Jul 2010 19:25:09 +0000 http://www.financemarkets.co.uk/?p=16463#comment-22193 According to their website, CEBR is supposedly an "independent consultancy with a reputation for sound business advice". mmm, I wonder who paid for this piece of research!!! Even back in February it was obvious that the country had a massive budget deficit, inflation was uncomfortably high, the world financial markets were skittish, and 1 in 5 were/are employed by UK Government. Let alone the fact that consumer debt is one of the highest in the developing world. This information means our economy / lifestyle is unsustainable at current levels - hence we will over time (12-18 months?) begin to feel the effects personally and psychologically (via the media and acquaintances). None of these factors are going to change and therefore property prices are "unlikely" to increase by 20% as confidence won't allow it. Actually, I suspect we will have a slow decline lasting 6-7 years (totalling a maximum of 20% in total) before a marginal annual rise begins again in 2016. According to their website, CEBR is supposedly an “independent consultancy with a reputation for sound business advice”. mmm, I wonder who paid for this piece of research!!! Even back in February it was obvious that the country had a massive budget deficit, inflation was uncomfortably high, the world financial markets were skittish, and 1 in 5 were/are employed by UK Government. Let alone the fact that consumer debt is one of the highest in the developing world. This information means our economy / lifestyle is unsustainable at current levels – hence we will over time (12-18 months?) begin to feel the effects personally and psychologically (via the media and acquaintances). None of these factors are going to change and therefore property prices are “unlikely” to increase by 20% as confidence won’t allow it. Actually, I suspect we will have a slow decline lasting 6-7 years (totalling a maximum of 20% in total) before a marginal annual rise begins again in 2016.

]]>