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Celebrating while the roof falls in - why house price overconfidence may prove fatal

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www.mirror.co.uk

In August, new records were set for house prices, as storming monthly growth caused prices to rocket. You'd think it would be a cause for celebration among estate agents - and in fact many inside the industry did just that.

When other figures confirmed the rises this week, senior figures declared the good times were back. "It’s official - for now, the surge in property prices is a boom and not a blip," said Jonathan Hopper, chief executive of  Garrington Property Finders.

But one of the most experienced estate agents in Britain doesn't see it that way. In fact, rather than celebrating as rising prices boost commissions, he's issued a stark warning instead.

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