Thursday, May 20 2004 Research from estate agents Cluttons and Oxford Economic Forecasting (OEF) has found that the most likely scenario for house prices is a continuing rise until the end of the year followed by a gentle fall in 2005. They put this scenario at a likelihood of 40%. This is due to the fact that house prices have become overvalued in past months as prices have kept on rising the report, out today, says. Out of 5 different outcomes which they developed this one, the most likely, expects the UK and US economies to recover from their weak positions of last year and remain strong and stable for the coming five years. The report also predicts a soft landing to the house price rise with growth slowing to 10% by the end of this year and to 3% by the end of 2005. Other scenarios they have looked at are:
- what would happen if domestic inflation rises dramatically (8% probability)
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You can’t always rely on the Great British summer — but you can rely on its watchesBritish watchmakers have excelled themselves in recent months — releasing bright and beautiful timepieces that you'll want on your wrist through summer, and beyond.
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Simon Jenkins: 50 years of saving Britain's buildings, from triumphs and disasters to the great country house we bought for £1In 1975, a new organisation was set up with the express aim of saving Britain's most beautiful and historic buildings from the wrecking ball. How has SAVE fared in the 50 years since then far? Simon Jenkins — who was involved as a trustee right from the very start — looks back on half a century of successes... and one or two painful failures.
