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Tuesday, January 02, 2007

House Price Prediction

Now that the New Year is upon us, the financial pundits are out in force attempting to generate some publicity for themselves and their products by making bold predictions about the coming 12 months.

One such prediction concerns that housing market. According to a poll in the FT, 30 out of 41 economists say that recent house price rises are sustainable.

11 think the market has risen too far and will fall.

Needless to say, there are others who disagree. Lombard Street Research (LSR), in a study commissioned by The Daily Telegraph, say that house prices are at their most overvalued for 15 years.

In other words, it depends on which way you want the market to go as to which survey you believe in.

Happy New Year!

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