View more on these topics

Price expectations are finely balanced

More than a third of Britons believe house prices will continue to

rise over the next three months, according to research by The

Mortgage Lender.

Its property pulse index shows that 37 per cent of people expect

prices to go up, 29 per cent anticipate them to stay the same, 23 per

cent expect a fall and 11 per cent do not know.

Scots are most confident about house prices, with 54 per cent

predicting a rise while just 14 per cent expect the market to tumble.

However, people in the South-east were less optimistic, with 36 per

cent expecting prices to rise compared with 29 per cent anticipating

a downturn in the next quarter.

Londoners were the most uncertain about future house prices, with 22

per cent saying they did not know which way prices would go compared

with 7 per cent in the South-west and 7 per cent in the east.

TML managing director Tim Kirby says the figures go against the

picture projected by industry pundits of a gloomy housing market.

He says the gloom does not extend across the whole of the UK and

accuses industry pundits of being too London-centric and placing too

much emphasis on the link between the housing market and the economy.

The index asked 2,000 people what they thought would happen to the

housing market in the next three months.

Kirby says: “The overriding factor I can see coming out of the

research is that consumers believe that property prices will increase

over forthcoming months, contradicting widespread industry

speculation that the bubble is about to burst.

“The difference between the regions reflects how the market has

fared, as we can see from the optimism of the north compared with the

confusion displayed by those in the capital.”

Recommended

Credit where it&#39s due

Credit spreads have held up well amid the turmoil in equities. We see this as growing evidence of a decoupling of credit from equities – with credit outperforming.Many of the recent “winners” have been lower-quality, more distressed names such as telecom operators. Arguably, therefore, the decoupling has as much to do with fundamentals, namely, the […]

Leeds & Holbeck Building Society – Secure Growth Account

Friday, 21 February 2003 Type: Guaranteed equity bond Aim: Growth linked to performance of FTSE 100 index Minimum-maximum investment: £3,000-£9,000 Term: Six years Guarantee: Capital returned in full along with 10% growth regardless of the performance of the index Return: Up to 60% at end of term Closing date: Until further notice Commission: None Tel: […]

Website seeks views on pensions

Pension consultant Watson Wyatt is setting up a website to collectthe views of employers and pension schemes on the Government&#39sPensions Green Paper proposals.The website at www.watson wyatt.com/gpq is structured as aquestionnaire that allows people to post their reactions to theDepartment for Work and Pensions Green Paper and the Inland Revenue&#39stax simplification proposals.Watson Wyatt will use […]

Independent view

Transfers. Opt-outs. Non-joiners. Three simple words that have causedimmeasurable pain for so many advisers and clients alike – and thepain is still present for all to see.Industry commentators exclaim left, right and centre about theinjustices of the new review culture after the “father of reviews”but nothing ever sticks. Nothing is ever followed through and none […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com