Inflationary concerns, the US property market, and UK interest rates all figure highly among the factors determining whether 2007 will be a good or bad year for investors and homeowners.
Starting with property closer to home, Smartnewhomes.com is predicting interest rates will go up again in the spring before stabilising. Overall house prices will gain 6% to 8% over the full year, with new home prices rising between 2.5% to 4%. Pressure to ensure supply of more affordable housing in urban areas will renew pressure to build closer to functioning transport links, according to David Bexon, Managing Director. Max King, investment strategist at Investec Asset Management, believes the property picture is more complex than that. He says the IPD All Property index has retu...
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