danjones1

There is a buyers strike in the UK - people are not prepared to pay 6x their salary for a mortgage when the historic average is nearer 3 or 4.

Go figure if you can't sell your property!

There is much greed in the UK - big reason to leave in my opinion!

jan

I know where you are coming from Dan, but on the other side of the coin there are many many people out there that bought their houses when the prices were at their peak with in many cases 90% mortgages and above that cannot possibly consider selling for up to 30% less than they borrowed so to be fair they need to hold out until whenever. The net result of that is stagnation. It is indeed true that some high end London property has actually risen in price but the true reason for that is not movement from the u.k. market it is in fact from foreign investors taking advantage of the exchange rates. Lets face it some expats that are not particularly happy in oz must be very tempted to return to take advantage of the situation after all if they managed to exchange their money before sterling crashed just changing back they will be 30% better off and coupled with the house price drop of say 20% Some people could buy their old houses back for half the price they sold it for.

coolshadows

Yeah, and come over to Australia where it's completely different.

Mrs M

You are so right about returning to the u.k. and steping up the ladder!
Only one problem Jan....... Houses here are not selling that well for different reasons! Its all a game! Lol!