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The Fenceable Forecast for House Prices
The Fenceable forecast is probably one that doesn't involve a number. I would never bother to make a forecast of what UK house prices are going to be in five years time. Incomes, that's the big unknown at the moment, but it could be quite a big shock,. certainly in short term, to incomes. Interest rates, well, it looks like they're staying low for a very long time now. How much is that going to change? Who knows? And then there's narratives. Some of these narrative stories, particularly around cities like London, might be punctured by coronavirus and that population proximity can really turn the narrative into reverse.