QUOTE(jonathan trees @ May 16 2006, 08:30 AM) [snapback]377218[/snapback]
Dr. Bubb,
The peak in house prices will be reached in the period towards the end of 2007 and the beginning of 2008. In the meantime between now and then house prices will continue to rise. This is completely contrary to your assertion that the property market peak was reached in the middle of 2004.
House prices are continuing to rise and rise strongly as the latest 2% monthly rise reported by the Halifax suggests. If this trend continued then in a year's time house prices will have risen by 24% from what they are today.
The property bulls have won, the property bears have lost.
Try looking at the facts - latest quarter Land Registry figures show that house prices fell substantially in all regions except London and NI. Even the London mini-boom is petering out. So, coming back to your proclamations. They are based on, er, what?