UK House Prices -The next bubble waiting to burst ??

“As housing supply continues to lag behind the rate of household formation by about 30,000 per year, there will be demand pressures,” warns Fionnuala Earley, group economist at the Nationwide building society. Even so, she says prices overall will rise by only about 3% in the next 12 months.




Get in quick if you plan to sell

January could be the best time to sell, says Graham Norwood, as there are buyers about — and price rises may slow later in the year....
.....“We got rid of a lot of our old dogs — properties that had been hanging around — in the weeks leading up to Christmas,” says Richard Gaynor, head of Savills’ country homes department. “As a result we’re facing the first weeks of the new year with a shortage. That means only one thing for prices.”