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I predict it in september, the halifax and sky news predicts it in october!

7th October 2009

money house for blogLooks 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.

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