Hi. I would be really interested to hear everyones future growth predicitons. I have done some research, in fact I have done loads of research and although I think these things are impossible to predict I would still be very interested to hear any thoughts.
The government has said it will be probably printing more money, histroically this has always happened which in turn leads to inflation which eventually has a knock on effect to house prices.
Although lenders are still very hesitant and still need to re-capitalise and also have a few crisis's to come through I feel eventually prices will rise but how fast and how high is what I am interested in.
I feel 2 more years and some more QE should help the banks return there balance sheets. Lending will slowly start to increase and as it does banks will get more competetive which will take again a few years, I figure 3-5 more before we see banks get really competetive and this have a knock on effect on the market.
Banks will begin making money each year and have more to invest but I think they have more problems over the next 2 years first with Libor scandals and IRSA mis selling. Hopefully the government can continue QE without upsetting the balance too much as this will certainly help the banks re-capitalise and begin lending again.
I see a more cautious boom and a smaller boom around this time 2018-2020. I realise this is a long time but I feel the banks are quite far off allowing this to happen.
Probably down south may be different but they may face many problems when foriegn money starts to leave! I could of course be completely wrong and not have any clue what I am talking about as I am in no way an expert but would love to hear any predictions!!