The UK Housing Market and Me

In January 2010 I found a great house. We could buy it but only if we could complete in 6 weeks. The only way we could possibly do that was rent out our house and get a buy to let loan for the new house. We therefore became reluctant landlords at the mercy of the UK housing market.Everyday the media has news or opinions about house prices and interest rates and these are my only indicators as to whether I am leading my family to financial ruin, bare survival or reasonable wealth and well being.

Showing posts with label prices rise. Show all posts

Sunday, 1 August 2010

House Prices To Rise 4%

News that the Centre for Economic and Business Research (CEBR) is predicting that house prices will rise by 4% during 2010 and will continue to rise until the end of 2014. They say that this will happen because of a fundamental shortage of housing.

This is fantastic news but when I looked the story up on the internet it was still surrounded by stories predicting a house price crash. Still hopefully it is a move in the right direction, perhaps other researchers will follow suit eventually.