Page 22 - Fred Harrison News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Another week, another house price index stating record growth.  This time it was the turn of Nationwide, which said prices had risen 10.9 per cent in the year to April, reaching a new high of £242,832 - up by £23,930 compared with 12 months earlier. Most experts say this is down to people's changing lifestyles during the pandemic and the incentive provided by the Government's stamp duty holiday. But are there other forces at play? Fred Harrison, a British author and economic commentator, successfully predicted the previous two property crashes years before they occurred - and his 18-year p...

Anybody predicting the average house price would rise 10 per cent during the lockdowns would probably have been laughed out of the room as the pandemic hit.  The exact opposite was on most expert minds: Knight Frank predicted property prices would fall 7 per cent, while Savills forecast a 10 per cent fall. The Bank of England was even gloomier – predicting that house prices in Britain would fall 16 per cent due to the coronavirus economic crash.  If the Bank of England and the property industry itself isn't capable of predicting the future of house prices, who then would be bold enough...

Road leads to supermarket Picture: Supplied FRANKSTON councillors have agreed to transfer a road to the owners of a shopping complex for $1 per land title. Councillors have approved a proposal to discontinue the roads within the Towerhill Shopping Complex. Council says the move will bring the opening of an upgraded Ritchies at the centre one step closer.  Cr Brad Hill said “under the Local Government Act 1989, a road discontinuance is different from a road closure. A road closure provides for a council to block or restrict the passage or access of vehicles on a road by the placing of a ba...

Against most sensible measures, house prices in the UK are too expensive. Whether you use property values vs rents, the size of typical deposits, or the most popular house prices-to-average earnings yardstick, buying a home looks costly compared to long-run averages. So could house prices really go on a bit of a tear from here? That’s what the 18-year property cycle theory suggests, but is that a reliable predictor or just charting mumbo jumbo that gets lucky with a small sample size of recent cycles? House prices paused and had a small slip in 2018 to early 2020 before rising rapidly again...

World's most expensive steak now Australian as cattle shortage, demand drive record price WedWednesday 23 updated ThuThursday 24 Steak nights might become rare amid a bullish beef market. ( Print text only Key points: The record prices come among a frenzy of restocking after the drought The rural property market continues to climb Beef prices in Australia hit an all-time high in 2020, with the key indicator hitting $8 per kilogram, making it the most expensive in the world. It's been a record year in the livestock sector, but 2021 could be even bigger, according to AuctionsPlus. The online tr...