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lisa577uk | Will the house prices go down in the near future? |
is there any experts in the housing market that expect the house prices to fall in the near future?
Additional Details
i live in deeside wales and the wages are terrible round here. 18500 coming into our household . to buy a 2 up 2 down terrace round here is about 115000 theres no way we could get a mortgage for that much. |
 |
 
iceman
 |
Unless you are a house flipper.. it doesnt matter.
95% of the country is going to see house values go up within the next 5 years. There are few areas of the country struggling and may not improve. But the housing market is, and always will be one the safest investments going. |
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budding author
|
I dont think you need an 'expert' to answer this.
House prices may gradually stabalise and may even drop very slightly, in the very short term!
However they will never go down long term, they never have in the past and they never will in the future. |
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artisiaw
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i don't think so. the house prices will just keep on going up. |
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newmexicorealestateforms
 |
Ok, they continue to make babies at a faster rate than the folks are dying. Baby boomers were very proliferate. Now on the other hand; land is a finite commodity along with the natural resources needed to support housing and lets not address regulatory barriers for developments. I think you can figure the answer to that equation. hint: supply & demand economics.
So in answer to your question housing is looked at by most home buyers as a life time family investment (nest) not as a short term hotel visit.
Given the factors, housing prices will have it's ups and downs, depending on the specific market and market effects such as jobs, taxes, etc, but it will always continue to rise, if for no other reason the fact that money looses it's buying power every year.
The key is research and have the professionals assist you in your decision making process.
Best of luck to you |
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amtusS
 |
if interest rate keep going up, it may come down. today I saw a news that a director of one of the big estate agent firm, who has made a fortune from house selling (foxton?) in London just sold all his share, the Pundits are wondering that housing market is going to tumble down. who knows? it has happened in past, could happened again |
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Paula C
|
Hi,
It is very unlikely that house prices will fall, what we need is the government to give people more help to get on the housing ladder. I recently looked into a shared ownership scheme with a local housing association and it sounded all well and good until I found out that on top of paying my share of the mortgage I would also have to give them £250 per month in rent. When I added this all up it was far too much for me to be able to afford. So still in rented accomodation until someting else comes along.... |
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simonc
 |
It is simple, supply and demand, there are always more people wanting to buy than there are houses available, hence the fact they keep going up.
OK, some of the factors such as interest rates, HIPs etc' may reduce the number of people looking to buy, which may mean a property takes a little longer to sell, but it certainly won't send prices backwards.
The simple answer to your question is.......NO
PS: Why not check out shared ownership schemes for people struggling to get on the housing ladder. |
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My name's MUD
|
I think they will drop by 20% by 2008. This is not a dramatic drop, and is one that the market can comfortably take.
With so many people coming here such as polish etc, to work, landlords are snapping up all the first time buyer properties and renting them out.
But with interest rates on the increase and Bulgaria joining the EU, we are in for a tough few years. Especially with this government.
But I think there will be a slight drop in house prices in the next 2 years, there usually are peaks and troughs in the market.
But yes it is a supply and demand thing! Lots of people coming here renting! Landlords are having a great time! Hope they don't all decide to sell up!
If there becomes a slight drop in values, it will mean a drop in confidence for first time buyers, which will slow the market up a little.
The truth is nobody knows what the markets will REALLY do. Or we would all have a great insite into how to get rich and prosper. Currently I'm not sure how to move up the property ladder without borrowing hugely.
I wouldn't want to be a first time buyer in this market. |
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JD
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Prices always go up.There's currently a severe stock shortage for estate agents which means its a sellers market.Despite the recent hike in interest rates pric3es continue to rise. But not in wales where there is so much rural land.Who wants to live in wales anyway? |
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lol
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i hope so cos i dun wanna live with mummy all my life :-( |
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luddite
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They've already slowed down in London. I'm not sure if the value will decrease as such, but rising interest rates and the introduction of home information packs will slow down the market. |
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Singita
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I think the house prices could go either way but looking at every thing to day it very hard to buy a home and there are no such good schme
for buying a house up right so it's not a good ideal to buy at all |
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