The average house price will grow, interest rates will drop and rents will climb in 2008, according to Stuart Law, chief executive of property investment firm Assetz.
Law says these predictions fly in the face of the negative sentiment in the UK property market at present, saying there is no reason to “set the alarm bells ringing”. “If people look at the fundamentals it is actually very hard to find out what all the fuss is about,” he says. Law says he expects the average house price to climb 5% in 2008 as a result of a number of factors, including immigration, the fact that sellers are “retreating faster than buyers”, and that Government plans to build new homes show “little sign of being implemented”. He says: “Despite a recent slowing in the rate o...
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