I quite like reading the news. It normally shows you some pretty good stuff, but when I see a source quoted in the article I always want to find out more. Most recently I checked out the BBC saying that UK borrowing was worst in 10 years, and it quoted someone from Capital Economics. I did a search for them on Google and found they had some sample papers that you can read. One of them, The Housing Market Analyst, was really interesting, and it gave me way more facts than any news story could.
The report's subtitle is 'The end of the housing market boom is in sight' and it made predictions for 2007 and beyond. Now I've been reading quite a few things on what people are saying about the current British property market, and it looks like it's reached a ceiling because things have got way too expensive. Judging from what most people are saying (I wouldn't want to make my own conclusions yet!) things look like they're going to flatten out. I read from the Motley Fool's David Kuo that they're going to collapse by 20%, but this seems pretty ridiculous judging from what everyone else is saying. Capital Economics said that 'demand (is) set to cool, but not collapse' in 2007. It wasn't far wrong, because price growth was stemmed in the latter half of 2007, and it seems to agree with almost everyone else about the coming year. In the long term, it says, things are likely to decline, although not by much. I guess if you've made wild profits out of the housing boom, then you can't complain, but I feel sorry for the first time buyers who first got their own place in 2007, and consequently look as though they won't get much out of it.
