House Prices (part 123)

[BlasterBates]

Arguments about where the US housing market is going are commonplace in the City at the moment. The bears, and there are plenty of them, are predicting anything up to a 20 per cent decline in the next 12 months. A trading statement from Hanson on Wednesday should give the argument fresh fuel.

[DimPrawn]

We've been throught this 1000 times.

House prices in the UK are driven by the need to house millions of immigrants and a shortage of land.

Hence prices will rise forever. In a few years time my house will be a millionaire.

HTH

[sasguru]

Doomed etc.

HTH.