2008 forecasts…
The first few days of January are always crammed full of predictions for what the rest of the year will bring, not dissimilar to how the last few days of December are always full of people reviewing the year gone by. Can you believe it was nearly a year ago that Ms Spears shaved off all her hair? Time really does fly.
But what are the Mystic Megs of the property world predicting for 2008?
The Rat and Mouse have done a fantastic summary of what the big boys have forecast. Interestingly, predictions differ by as much as 13%, with Morgan Stanley forecasting a pessimistic 10% decline in house prices whereas Savills and Knight Frank are predicting a 3% rise. Rod Thomas has done an excellent round up of what he predicts for the buy-to-let market in the coming year, the general outlook being positive for investors. Southampton, Reading and Swindon have all been marked out as hot locations for investment. The Telegraph have also written up their advice for 2008 for people on different rungs of the property ladder. First time buyers are advised to keep their eyes peeled for good deals, but to avoid pressure to rush in. The techhies among you may also want to take a look the BBC’s tounge in cheek predictions for technology in 2008.
Personally my favourite forecast of the year so far has to be the forecast for tomorrow. Snow in London? Surely not!
Technorati Tags: Property, Real Estate, 2008
Filed under: Property News