TheTechnician
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The economy of the world is in huge turmoil at the moment (though the recent purchasing of the two largest banks in the US has instilled a degree of confidence into the markets).
HBOS, the UK's leading mortgage provider however has estimated that the credit crunch and housing market slump could be with us until around 2010. |
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S C
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Some prices are levelling out but the housing market is still likely to be in uncertainty for the next year or two, so I would still expect a decline. |
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alexdelarge1979
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Nope not a hope in hell not whilst Labour is in power, if you need to sell quickly, I will buy it if you pay the valuation fees and stamp duty and if you are prepared to do a vendor deposit. Im serious. |
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Sassi
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It also depends on where about you are in the UK. In my area in Scotland, house prices are apparently still rising because the prices didn't go shooting up in the first place, it was just a gradual rise. |
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CyberCommie
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The rental market is booming now that folk cannot afford to buy and foreclosures are more common. House prices are in freefall and will not go up at all in the short and medium term. If you want to sell, then get in quick, if not, then rent it until there is an upturn. |
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Lily B Talus
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they will, but not this year, it'll be awhile. |
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Margaret S
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They wont go up anytime soon. The market is pretty stagnant. Not a good time to try selling. |
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blondz
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NOT PROPERLY UNTIL NEXT YR it will start, JULY TIME I BELIEVE, BUT YEAH IT WILL GO UP AGAIN. |
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Dominic T
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They say that its going to take at least a year, year and a half for the market to start picking up again but that's no guarantee If I were you I would avoid selling (I know it says you really need to sell!) but could you try renting it out for a year or getting a lodger? If you sell at the moment you are probably looking at your property being about 20% less than it was say a year ago. I am no expert this is just my advise, I hope it helps. |
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Alter Ego
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2010 is the year most building societies are predicting that house prices will bottom out with no significant increases being seen before 2012. |
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COLIN T
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No, prices are either static or dropping still. At the moment it is a buyers market and the only houses' that are selling are ones' where the seller is willing to drop the price - because if he does not, someone else will.
My eldest son had his offer of £220k on a house that has been advertised at £255k for the last 7 months accepted last week. |
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Sal*UK
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Firstly, I'll tell you for free that you won't sell it easily right now. We have some 200 houses on at the moment and getting an average of 10 viewings a week! Things are just not moving. The rental market is good though - could you look at doing that? And my boss reckons property prices will increase in around 2010. |
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garrybatt@btinternet.com
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yes look at news 25% |
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