The majority of building society chief executives believe house price inflation will run at between 4 and 5% by the end of 2006, according to a survey conducted by the Building Society's Association (BSA).
It says this is in stark contrast to a comparison of house price predictions published by the BSA in January 2006, which showed that most experts in the wider mortgage industry were predicting an annual increase of just over 2%. Overall, building society chief executives think the housing market will remain buoyant in 2006, with 89% of building society chiefs saying they expected to do more lending or about the same in 2006 as they did last year. The BSA says this compares to only 48% when asked the same question in 2005. Predictions for where interest rates would be at the end of 2006...
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