Thu, 20 Oct 11
The market outlook
The big squeeze will keep a lid on house prices for the rest of the year at least, Halifax has forecast, as it revealed another 0.5 per cent dip in September.
The latest Halifax house price index report showed property values ranging between £160,000 and £165,000 over the past 12 months, with the market subdued in the face of low consumer confidence.
One economist and investment manager David Kauders has suggested that this is actually the start of ’a slow-motion crash - so slow that many commentators will not even see it. They will observe only the shorter-term trends.’
His prediction centres on his analysis that claims the substantial house price rises seen since the 1970s have reflected an exceptional period of time when mortgage credit expanded.
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