property prices in UK
 

saw this

can you see this happening or is it just media hype to boost sales

Re: property prices in UK
 

Well I cant believe it can be true ..... no one will be able to afford housing, at the lower end, the "chain of purchase" will be disrupted and therefore the demand will no longer be there. Prices will drop.

Re: property prices in UK
 

I couln't believe it four years ago when we sold our house to first time buyers.
How can they raise the money now, let alone in the future. When the first time buyers simply can't afford the prices, which cannot be far off, then the market will tumble. Seems logical to me!
Regards
Tim

Re: property prices in UK
 

Well the lenders should only loan at a certain multiplier of salaries. It stands to reason if house prices outstrip salaries by that much then the prospective owners can no longer borrow enough.

So either the lenders loan 4,5,6 times salaries to make up for it, and put the buyer at risk or multi ownership comes more to the fore

Frankly, I think you are right Tim .... the prices will come down. Repossessions are already well up on last year

Re: property prices in UK
 

yes I heard that

it just dont make sense and for first time buyers a total nightmare with a 40%rise.........friends of mine are already out of the running as prices are just sky high they cant afford to buy. Suppose there could be the option of 100 year mortgages like other countries :unsure:

Re: property prices in UK
 

The bottom line is that you can make stats say what you like ... ask the labour government!!!
The agents have to hype it and use everything to their advantage, cos if sales do come to a pause then they are going to go bust!

You can take over your parents mortgage now can't you, I seem to remember reading somewhere, so 100 yr mortgage is upon us