Piggybank News

August 23, 2011

House Prices set to rise by 14%?

I just came across this article in the Telegraph which says that house prices will hit an all time high in 2015, with a rise of 14%.  Whilst I would love to believe these figures I’m frankly sceptical about their reliability.   Of course most of the influences mentioned are likely to push prices back up again eventually – I’d hardly be investing in property right now if I didn’t believe that.  However, property is a long-term investment strategy  and I certainly won’t be changing my current policy of investing for cashflow, in the hopes of these predicted short-term capital gains.  On the other hand I will be delighted to be proved wrong!

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8710924/House-prices-to-rise-14pc-to-record-highs-by-2015.html

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