| "I will not allow house prices to get out of control and put at risk the sustainability of the future." | |
| Gordon Brown, Chancellor of the Exchequer | November 1997 |
| "The danger is only starting and the seeds have been sown for housing market doom." | |
| John Wriglesworth | April 2002 |
| "House prices are currently rising at an unsustainable annual rate in excess of 12 per cent. There is now a real danger of a speculative escalating price spiral occuring in the Market." | |
| John Wriglesworth | April 2002 |
| "There is more chance of finding Elvis on the moon than there is of a house-price crash next year." | |
| John Wriglesworth, Hometrack Economist | November 2003 |
| "We expect transactions to drop sharply, mortgage lending to decrease by 55% and widespread mis-selling allegations." | |
| Durlacher | February 2004 |
| "Speculation that there is going to be an imminent housing market crash has as much foundation as a brick on a pavlova." | |
| John Wriglesworth | February 2004 |
| "At present the problem of the house price bubble is being largely ignored. But sooner or later the issue will have to be faced. House price booms and busts are a risk to economic stability." | |
| Vince Cable, Liberal Democrats Shadow Chancellor | February 2004 |
| "The only economic factors that could seriously hinder future rises in house prices over the next year are a doubling of interest rates, stamp duty or unemployment. No economist in the world is expecting any of these for the UK, even those at the IMF! We continue to confidently forecast house price inflation of 8% for this year." | |
| John Wriglesworth | April 2004 |
| "It will all end in tears. I have thought this for some time, but I think we really are probably somewhere near the end of it." | |
| Tony Dye | April 2004 |
| "It's sensible to be gloomy. Herd instinct and confidence is holding up the market but in the long run, that won't work." | |
| Andrew Oswald, Professor of Economics, Warwick University | April 2004 |
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