View Poll Results: What will happen to house prices in the next 3 years?
Voters: 67. You may not vote on this poll
House price poll
#1
House price poll
I wonder what people think about the house price situation.
Do you think the prices go higher, lower or stay the same for a while?
Do you think the prices go higher, lower or stay the same for a while?
#2
Account Closed
Joined: Jul 2005
Posts: 15,019
Re: House price poll
Originally Posted by eurotramp
I wonder what people think about the house price situation.
Do you think the prices go higher, lower or stay the same for a while?
Do you think the prices go higher, lower or stay the same for a while?
#3
Re: House price poll
I think they are going to stay the same for a while, at least as long as interest rates are kept artificially low. They simply can't keep increasing as nobody can afford them as it is! The people at housepricecrash.co.uk are pretty adamant that there's going to be a crash and I read it frequently to keep my hopes up! However, I have seen it suggested that they delete posts by people who disagree.
#4
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Joined: Jul 2005
Posts: 15,019
Re: House price poll
Originally Posted by Always21
! However, I have seen it suggested that they delete posts by people who disagree.
#5
Re: House price poll
MMhh, yes housepricecrash.co.uk.
Funny people over there, you get skinned alive if you not believe that there will be a crash, so I did hear
I'm not sure anymore, 2005 was to be the year of the crash, but nothing rally happened.
Since we gone move to greater London, the house prices are a big issue for me.
I think that there will be a very slow increase over the next 4-5 years...but I hope for a crash
Funny people over there, you get skinned alive if you not believe that there will be a crash, so I did hear
I'm not sure anymore, 2005 was to be the year of the crash, but nothing rally happened.
Since we gone move to greater London, the house prices are a big issue for me.
I think that there will be a very slow increase over the next 4-5 years...but I hope for a crash
#6
BE Enthusiast
Joined: Nov 2004
Posts: 311
Re: House price poll
Originally Posted by eurotramp
MMhh, yes housepricecrash.co.uk.
Funny people over there, you get skinned alive if you not believe that there will be a crash, so I did hear
I'm not sure anymore, 2005 was to be the year of the crash, but nothing rally happened.
Since we gone move to greater London, the house prices are a big issue for me.
I think that there will be a very slow increase over the next 4-5 years...but I hope for a crash
Funny people over there, you get skinned alive if you not believe that there will be a crash, so I did hear
I'm not sure anymore, 2005 was to be the year of the crash, but nothing rally happened.
Since we gone move to greater London, the house prices are a big issue for me.
I think that there will be a very slow increase over the next 4-5 years...but I hope for a crash
#7
Account Closed
Joined: Jul 2005
Posts: 15,019
Re: House price poll
Originally Posted by ukkiwi
A lot of people will loose lots of money if prices crash - me included. Save up and get on the ladder or you never will.
nahh there wont be a 'big' crash not in the london areas....interesting though how the media plays a big part in recessions, talk about it, almost will it to happen and it will
#8
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Joined: Jan 2005
Location: Calgary
Posts: 605
Re: House price poll
Originally Posted by TruBrit
nahh there wont be a 'big' crash not in the london areas....interesting though how the media plays a big part in recessions, talk about it, almost will it to happen and it will
Interest rates in the UK are artificially low and if they start to rise it will hit those people who have borrowed to the hilt.
Happy we sold up in summer 2004, just about at the peak.
#9
Re: House price poll
Originally Posted by CalgaryBlade
Happy we sold up in summer 2004, just about at the peak.
If they keep rising, our options of maybe going back oneday, might be pushed further away from us. (not yet though ..........too much to see and do here!)
#10
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Joined: Jan 2005
Location: Calgary
Posts: 605
Re: House price poll
Originally Posted by R2D2
We sold up in July 04, went into rented for 10 months before our move to Canada...........and now when we browse the estate agents website back in our home town, a house very similar to ours on an adjacent street, is on the market for the same figure as we sold ours for. Over 18 months down the line !
If they keep rising, our options of maybe going back oneday, might be pushed further away from us. (not yet though ..........too much to see and do here!)
If they keep rising, our options of maybe going back oneday, might be pushed further away from us. (not yet though ..........too much to see and do here!)
As for going back ...
The value of the CAD has risen about 20% since 2004, and I imgaine that as you're in Alberta your new house will probably have risen similarly. The house we bought in July 2004 here would cost us about 25% more to buy now.
#11
Re: House price poll
Originally Posted by ukkiwi
A lot of people will loose lots of money if prices crash - me included. Save up and get on the ladder or you never will.
Sorry, I like to play fair, but that would go a bit to far .
You need a bit more then just saving up to buy a little semi detached for 300k.
Thats just ridicules..........
#12
Joined: Feb 2005
Posts: 629
Re: House price poll
I think they are going nowhere for quite some time until wages catch up. There is a first-time buyer drought which means the market is not being fed. But the economic situation does not suggest a crash either. Be careful with surveys and figures - especially those from banks, estate agent organisations, etc. Land registry is probably most reliable but most out of date. Buyers and sellers seemed to have locked horns for wuite a while. However, some areas I think will fall, particularly the likes of Liverpool, Sunderland, etc and surrounding towns. the key is whether London crashes, and I don't think it will.
#13
BE Enthusiast
Joined: Jul 2004
Location: London Ontario
Posts: 998
Re: House price poll
Until the Government actually does something about the lend levels there will be a stalemate. I did not realise just how far Banks and Building societies had gone with their relaxation of criteria. The UK government says it wants to curb the debt rise but actually sits on its hands. The problem will be the powers to follow and the poor sods with 10 x income mortgages. The world economy is stronger and that means higher rates. Whilst the UK economy is between a rock and a hard place with reduced manouvarability and a piss poor economic record (GDP has been driven by debt not profit). If Rates rise in Europe, America and new economies like China and India that will have pressure on the UK to follow.
We are still only 18 months since the slowdown period began.
The crash on day one is never a reality. The media is and was full of shit. They sell their souls for a penny worth of drama.
Time....
We are still only 18 months since the slowdown period began.
The crash on day one is never a reality. The media is and was full of shit. They sell their souls for a penny worth of drama.
Time....
#14
Forum Regular
Joined: Apr 2005
Posts: 49
Re: House price poll
Originally Posted by eurotramp
I wonder what people think about the house price situation.
Do you think the prices go higher, lower or stay the same for a while?
Do you think the prices go higher, lower or stay the same for a while?
http://news.bbc.co.uk/1/hi/business/4689954.stm
#15
Re: House price poll
Originally Posted by CalgaryBlade
As for going back ...
The value of the CAD has risen about 20% since 2004, and I imgaine that as you're in Alberta your new house will probably have risen similarly. The house we bought in July 2004 here would cost us about 25% more to buy now.
The value of the CAD has risen about 20% since 2004, and I imgaine that as you're in Alberta your new house will probably have risen similarly. The house we bought in July 2004 here would cost us about 25% more to buy now.