IMF Reports on House Prices but Ignores Supply and Demand says Letting Focus and David Lawrenson
You probably saw those headlines from early last week where the IMF claimed UK house prices were 40% over valued and were due a “correction” accordingly.
Reading further, the IMF admits this estimate is based on the US property market and makes no allowance for the scarcity of land supply or influx of demand from new immigrants in the UK.
It is kind of weird that the International Monetary Fund could ignore something us fundamental as supply and demand when they do such an outlook.
Economists from Marshall to Marx would surely look down from on high with disbelief.
Of course, the press, and the UK public loves property headlines like this, so expect more of the same soon.
If you need more advice on investment property or letting property please ask me. I’m David Lawrenson from property investment consultants http://www.lettingfocus.com/
I’m the author of “Successful Property Letting - How to Make Money in Buy to Let”
I’m an expert on buy to let and a well known property speaker and I contribute to newspapers and a host of property websites, write a property investment blog and run a property investment and mentoring service
You can read more about me and details of my networking, advice, property seminar programme at my website http://www.lettingfocus.com/
What’s unique about lettingfocus.com is that we offer independent property investment advice because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, agent or bridging loan financier and do not receive commissions from any of these sources.
If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
CHECK OUT THESE PAGES AT OUR SITE LETTINGFOCUS.COM:
Our Events only take place twice a year.
For our NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Property Investing Seminar and Networking Event
We have GREAT OFFERS for landlords too, Click here: Services and Products for Landlords to see our Landlords Resources (Useful Links) page. (Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!)
ONE TO ONE CONSULTING click here: Property Consulting
CLIENT TESTIMONIALS from past customers click here: Testimonials
BUY THE BOOK click here: Buy the Book at Amazon
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
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IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
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If you have a website & are thinking of reproducing material here, that’s fine but we DO require a link to the blog to be included, including also all the links in this section. (The full article including all links must be available to ALL VIEWERS of your site and not restricted.)
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
WANT TO ADD A COMMENT OR VIEW OLD COMMENTS?
To add a comment to this post, simply click on “link to this post” to add your comment and to view comments of other people.
Copyright: David Lawrenson 2007. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.
Reading further, the IMF admits this estimate is based on the US property market and makes no allowance for the scarcity of land supply or influx of demand from new immigrants in the UK.
It is kind of weird that the International Monetary Fund could ignore something us fundamental as supply and demand when they do such an outlook.
Economists from Marshall to Marx would surely look down from on high with disbelief.
Of course, the press, and the UK public loves property headlines like this, so expect more of the same soon.
If you need more advice on investment property or letting property please ask me. I’m David Lawrenson from property investment consultants http://www.lettingfocus.com/
I’m the author of “Successful Property Letting - How to Make Money in Buy to Let”
I’m an expert on buy to let and a well known property speaker and I contribute to newspapers and a host of property websites, write a property investment blog and run a property investment and mentoring service
You can read more about me and details of my networking, advice, property seminar programme at my website http://www.lettingfocus.com/
What’s unique about lettingfocus.com is that we offer independent property investment advice because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, agent or bridging loan financier and do not receive commissions from any of these sources.
If a property investment is lousy – We’ll tell you straight and we will tell you all about buy to let and property investment - the good and the bad and we won’t make silly promises that you’ll become a millionaire overnight.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
CHECK OUT THESE PAGES AT OUR SITE LETTINGFOCUS.COM:
Our Events only take place twice a year.
For our NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Property Investing Seminar and Networking Event
We have GREAT OFFERS for landlords too, Click here: Services and Products for Landlords to see our Landlords Resources (Useful Links) page. (Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!)
ONE TO ONE CONSULTING click here: Property Consulting
CLIENT TESTIMONIALS from past customers click here: Testimonials
BUY THE BOOK click here: Buy the Book at Amazon
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will find a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
If you have a website & are thinking of reproducing material here, that’s fine but we DO require a link to the blog to be included, including also all the links in this section. (The full article including all links must be available to ALL VIEWERS of your site and not restricted.)
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
WANT TO ADD A COMMENT OR VIEW OLD COMMENTS?
To add a comment to this post, simply click on “link to this post” to add your comment and to view comments of other people.
Copyright: David Lawrenson 2007. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.
Labels: house price forecasts, House price outlook, Housing statistics, housing supply, supply of housing
This entry was posted by lettingfocus, on
Sunday, October 28, 2007.
