| 2007: What The Experts Think |
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| Tuesday, 19 December 2006 | |
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Last year, when the housing market pundits did their annual turn as Mystic Meg, they predicted a boring 2006 - house price rises of just 2-3 per cent and a generally sluggish market
They were wrong - the year got off to a flyer and just kept on going. Central London, Scotland and Northern Ireland all racked up double-digit price rises, while values nationally rose by around eight per cent. Strong demand, weak supply and a healthy economic situation kept the pressure on in 2006 and the general consensus seems to be that these factors should continue to underpin the market in the coming year. But how high will prices go, what will happen to interest rates, and which areas will do best? How will buy-to-let fare? And what hope for the beleaguered first-time buyer? Will Home Information Packs, due to launch in June, throw a spanner in the works? Will lenders keep increasing income multiples? And which overseas locations will attract the jet-to-let brigade? Over the past few weeks, forecasts have being flooding our editor's inbox. Below is an overviewof the main points. Discuss this article on the forums. (0 posts) |
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