Playing the next phase of the property market

In May, Bengt Saelensminde proposed a play on the house prices downtrend. Now, with property prices hitting the headlines once again, he gives an update on his strategy.

What an extraordinary September for the UK housing market. According to the Halifax, house prices were off 3.6%! The Halifaxindex has been running for over 25 years, and never before -not even during the financial crisis -have we seen anything like this.

So the big question: Is this the start of a rout, or a one-off shock? Today I want to explain where I think house prices are going in the months ahead. I want to allay any fears that this will turn into a rout. I reckon prices will peter out into a more steady correction from here.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.