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Property values could rise again

01 February 2005
With a flurry of new reports into the poor state of the UK property market, an influential housing analyst has said he believes house prices will rise four per cent.

Rob Thomas, who has worked for UBS and the Bank of England, said that fears around the fall in buy-to-let investors, which would drive down prices, are misplaced.

He believes with stock market returns staying weak, property is still an attractive investment.

He commented: "Concerns about buy-to-let investors exiting the market and the disappearance of first time buyers have been overblown.

"A switch in sentiment in the housing market from negative to positive will occur once it becomes clear that interest rates have peaked, sometime later this year."

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