Looks like my predictions were true, as the halifax reported on october 6th – article.

If you remember i wrote an article last month predicting that with most developers only just starting to build again there will be a massive drop in supply of property.

The Halifax states “a combination of increased demand and a shortage of properties on the market had pushed prices up in recent months”.

Now i think we all know that this increase is definitely due to ease, its supported by a lack in supply but against that you need to show an increase in unemployment and a definite lack of competitive mortgage products.

My further prediciton is that we will see a mini blip in prices followed by a mini crash then probably stability for the future.