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My prediction on recovery

Economic and house price forecasting is not an exact science. As the old adage goes, if you say something enough it will eventually happen.

You only have to look at Capital Economics’ predictions over the last 10 years to know that to be true, with house prices across the country now well and truly down by the ankles from where they were two years ago.

Former Fidelity fund manager Anthony Bolton has thrown his hat in the ring again – he’s been wrong twice in the last 12 months – telling the Financial Mail that “all the conditions I see for a recovery on prices are there”.

Third time lucky? Perhaps. But while we await a miracle and for the financial markets to return to some normality, I’m going to throw my two pennyworth into the hat for when to expect a mortgage market recovery.

The Robyn Hall Predictor Index, based on nothing other than I might as well have a punt, says we’ll be looking at the bottom of the market when we see 0% growth in the Halifax or Nationwide house price index three months in a row.


Consulting Consortium partners with PFS

The Consulting Consortium and the Personal Finance Society have joined forces to support PFS members in meeting their TCF requirements.

Nigel raises £100,000

Nigel Stockton, sales director of mortgages at Lloyds Banking Group, tackled the annual Tokyo marathon on Sunday. Stockton was raising money for housing and homeless charity Shelter and has already received pledges for over £10,000 for this latest marathon. He has raised an impressive £100,000 for various charitable organisations, having now run seven major international […]


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