Property Investment - Back to the Future Fundamentals
Property Investment - Back to the Future Fundamentals
30th July 2008
By Neil Lewis
The great bete noir of property investors - Roger Bootle (he who forecast 25% falls in house prices over 4 years ago - since when prices have risen rapidly) is back!
He adorns the Daily Telegraph with his column and is feted for his wisdom and foresight - just 4 or 5 years out of whack by timing!
However, Roger's come-uppance hasn't fully arrived yet. Even during these terrible times and complete lack of credit, house prices have fallen (on an annual basis via the land registry) a mere 1%.
That is 96% less than Roger's forecast.
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