House price growth for 2008

Posted on 31 October 2007 by Drew

1 comment(s)

About this time of year we are treated to a wealth of predictions and opinions on what the housing market will do in the coming year.  The last few years have seen a great number of pundits and commentators sitting on the fence, with predictions heavily concentrated around 4-5%.  However, next year is likely to be the most interesting for some time.  The Council of Mortgage Lenders has come out with a figure of 1% for 2008, alongside a predication that we will have 3 quarter point cuts in interest rates to 5%.  The same intrerest rate thoughts sees other organisations predicting...wait for it...growth of 5% next year.  But what do you think? Does the market look good, bad, or just plain ugly.

Categories: House Prices, Mortgages

Dominic Parker says:

This comment comes quite late, and has the benefit of hindsight, but I would say the market for next year doesn't look good or bad. It just looks ugly.
Posted on 28/11/2007 11:48 by Dominic Parker

Post a Comment

Please keep your comments relevant. Charcol reserves the right to edit or delete comments.

The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and neither John Charcol nor Drew Wotherspoon will accept liability for them.

Terms & conditions

Your initial mortgage consultation is obligation free. There will be a minimum fee for our mortgage service of £450, of which £150 is payable when you apply, and we will retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 0.65% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

Legals

John Charcol is a trading style of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Services Authority; our registration number is 147692. John Charcol Associates LLP is an appointed representative of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Services Authority.  Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent ME14 3EN. Registered in England No: 02292688.  This mortgage site is only directed at persons within the UK.   The FSA does not regulate some investment mortgage contracts.  Calls may be recorded for training and monitoring. Max call charge from a BT landline is 3.9p per minute. Calls from other networks may vary.