Search the Community
Showing results for tags 'economist'.
Found 1 result
The chief economist for Nationwide today stated that annual house price growth has stayed constant between 2-3% This is directly correlated to the supply and demand for housing staying relatively level throughout. Taking this into account when looking at the 18 years property cycle, we might well be in the mid-cycle dip as properties aren't increasing rapidly in price. This does mean it is a good time to be buying as a property investor. Prices are lower and fewer buyers mean less competition. If we look further ahead with regards to the 18-year property cycle, we will see that the cycle will go through an explosive phase straight after this one. Meaning all property bought now will increase in value within a few years time. This coupled with the fact the base rate hasn't moved yet and borrowing is still at incredible lows, makes for a strong argument towards property investing. For more info, click here: https://www.propertywire.com/news/uk/annual-price-growth-falls-five-year-low-uk/