The IMF Reports on House Prices but Ignores Supply and Demand
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 www.lettingFocus.com
I’m the author of property investing book “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 of my landlord blog and details of my networking, advice, property seminar programme at my website www.lettingfocus.com.
My next London property networking meeting is on November 14th. Click here for details: Property Investment Seminar
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.
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 www.lettingFocus.com
I’m the author of property investing book “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 of my landlord blog and details of my networking, advice, property seminar programme at my website www.lettingfocus.com.
My next London property networking meeting is on November 14th. Click here for details: Property Investment Seminar
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.
Copyright: David Lawrenson 2007. This blog is updated at least twice a week. Permission must be sought before using the material in the blog.
