As 2007 draws to a close The Times Property Section online - Bricks and Mortar has published an excellent report and run down of the UK property market winners and losers by region on a handy map with figures supplied by Halifax. The report also includes a brief forecast for 2008.
Here’s the skinny -
The look back!
London: Cut above the rest with the best homes oblivious to the global credit crunch
England Midlands: Middling. Growth has flattened and is likely to go on drifting
Scotland: Has set the pace - prices north of the border have risen the most
Wales: Lagged behind - low growth reflects caution by both buyers and sellers
Northern Ireland: Has had a good year. Although the tail end of the year has seen house price growth slow considerably
The look ahead 2008…
London: Knight Frank expects annual growth of 3 per cent across Greater London and Savills says that the market should recover to record growth of 5 per cent by the end of next year
England Midlands: Savills’ predictions are more positive, with a rise of 1.5 per cent in the West Midlands and 2 per cent in the East Midlands
Scotland: HBOS expects Scottish prices to rise by 4 per cent, more than anywhere else in the country
Wales: Halifax predicts a house-price growth rate of 0 per cent for 2008
Northern Ireland: Halifax predicts that house price growth in Northern Ireland will be 0 per cent in 2008
August 3rd, 2008 at 3:34 am
Very nice!!