HOUSE PRICES - UP OR DOWN THIS YEAR??

Up.

Er, no, down.

Probably.

I think prices have bottomed out;fairly stagnant for this year imo of course

Up 'til May then sharply down after that IMO

If nulabor miracuosly win the election
They go up
If the tories get in
THey will DROP like a
Stone!!!!!!

:)

Prices are rising again, but as always, depends on the area. Buy in a sh1t area and it will take longer to recover.

Why do people reply to this thread ? This idiot asks the same question every few days, check gubbed if you don't believe me.

stagnant, put down in real terms due to high inflation

up like inflation and interest rates.

hopefully down .....a massive crash

I agree with saesider.

Prices will fall through their own arse this year. You're watching history happening.

Seasider does have a point !

Meat Loaf certainly needs convincing on the outcome of a House Price Rise it seems


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i honestly don't think they'll crash. weak pound and general infltion will see to that

Interesting a very mixed response

down 1.01
denial over

Ratio of average house prices to average income in UK is currently 5.7, the 30 year average is 3.7. How long can that go on?

up 0.5

he's a nobjockey, ignore him

AND I TELL YOU

the next property boom will run and run !

RichWill 27 Jan 20:06


Ratio of average house prices to average income in UK is currently 5.7, the 30 year average is 3.7. How long can that go on?


30 years isn't that long that you can just say that is the way it should be now.. from 1800 to 1900 we had overall deflation.

Prices will be nervous until the election. If conservatives win they may rise a few per cent because of the relief and desire for change. If Labour win sell at any price and get out of the council tax net,a drop of 15% by end of year.

up
there is a shortage.

just sold mine and had a lot of interest
got more than i had hoped :)

95% chance of falling
if they dont, capitualtion and never see the highs again for 15yrs+

just cant see a fall.

lenders are being more welcoming.
rates are low
wont go up more than 1% this year if that.

imo there will be a 1-5% rise.
down on last year but it will go up

Troozers

It is when they go down not if.

There are two dozen reasons they fall, and only hope that they rise.

Interest rates have to rise, unemployment is a huge concern also. Sterling is fighting a good fight but ultimately it is fecked. depending upon how it is handled and in particular the withdrawel from QE, then an implosion is not beyond the realms of possibility. Even a small hiccup in this situation could see the start of another leg down. And let us not forget that just about every long term indicator for houseprice affordability is oversold. Many Fixes are set to come to an end this year amidst a backdrop of inflation and pressure on base rates.

On the other hand, there is apparently a shortage, though it has been that way since adam was a lad!

treetop 27 Jan 22:47
Prices will be nervous until the election. If conservatives win they may rise a few per cent because of the relief and desire for change. If Labour win sell at any price and get out of the council tax net,a drop of 15% by end of year.

:^0

just get back to the politics forum

bet yer there wont be more than a 1% rise

interest rates that is

Why do people think they will go down if the Tories get in??

taxes for middle earners will rise.NAP

Meatloaf,

they will go down when the Tories get in because, they will raise the interest rates to 15% like back in the 80s so the rich can get a good return on their savings

and with 15% interest rates, a lot of homeowners will completely struggle to pay their mortgages therefore selling them, usually to the rich people so they can be landlords

it's only the Labour government that would keep interest rates at 0.5% cos they do actually care about the poor in some ways

We wont see 15% interest rates again but they will rise post-election probably to about 5% Labour are keeping the rates at a false low in an attempt to stay in office.

Inflation is already starting to rise sharply and will continue so after May the interest rates will have to go up.

There are a massive amount of people (myself included) who are at the mercy of variable interest rates because they dont have the equity in their homes to lock down a fixed rate. The interest rate increase will push many over the edge leading to mass repo's and a fall of around 20% in prices imo.

central gov'ts wont rise interest rates until they have to and even then they will be reluctant

it might not be this year that we feel the pain but it will come

I will say this year up 5% purely because we are currently witnessing a false economy

the big correction when it does come will be more painful the one we have just experienced imo

wish it would go to 5% max, mine's at 6% until 2011!

regret it!!

financial advisor told me when i got my mortgage renewal in 2006, that the recession would be inevitable and get a fixed rate mortgage at 6%, because when the recession comes in, interest rates will go sky high like the 80s

seems not eh?

at least New Labour can ride a recession far better than the Tories

Appear to still be going up according to the info released today

Up...for a simple reason, supply and demand.
House owners are enjoying such great deals with tracker mortgages, which will not encourage them to sell as the they will not have such a low mortgage deal again.

If the public deficit is not controlled nobody can safely say how high Rates will have to go in the coming months but increasing worry in Greece, Spain Italy and Portugal doesnt bode well.

to be honest ...id like to see interest rates go sky high ....and see all those people who have bought houses beyond their means lose them ........

:)

punterfleece ....any government can ride a recession by printing money just the same as a member of the public can ride one by applying for new credit cards !

i live in wimbledon and in 15 years i didnt see hardly any for sale signs and now there are loads of places for sale and even more for auction signs so that tell the story,people have been buying anything for stupid money and also 1st time buyerts cant even afford to get on 1st step, banks still noy lending our money

banks are lending money ....they have never stopped lending it .The only difference now is that they will only lend it if they think they are going to get it back .....seems reasonable to me.

has this fred been done before?

It will be interesting if prices can keep going up when the general economy is still poor

Look how many d1ckheads, positively4thsteet included, who said interest rate rises were inevitable!!!.  Not budged in the five years since.

Glorified Guessers.

.
http://www.theguardian.com/money/2011/feb/04/house-prices-fell-2010-halifax

House prices 'fell by 2.4% in 2010'


inflation was 3.29% for the year

Decent strike rate on his predictions of the OP. Two out of three ain't bad.

the housing market is a reflection of the economy as a whole, if people are confident they will rise if not they will stagnate or fall.my take is no one knows until the outcome of the next election , its all guess workat the momentn

House prices won't fall in London unless Mr Blobby wins the election

I sold a house a year ago that is being rented at a ridiculous price way above what a mortgage would cost for the same place.  The market is nuts.

as more houses in poorer areas are tenanted and bought up by landlords it result in ,


good areas prospering

poor areas struggling

this trend will continue for years ahead ,making properties in decent areas hard to come by

imo

Shortage of houses makes me smile.Fair enough there may be a shortage in the S.E.but in the North there's certainly no shortage.The shortage in the North is jobs which successive governments(Labour as well as Conservative) have failed to tackle.Alright you cann't make private enterprise move to somewhere they don't want to go but do all these government departments have to be in the S.E.?In this area (Sedgefield constituancy,needn't tell you who was M.P. here for years)you can pick a decent house up for 50k.In fact the house I live in is 3 bedroomed,double glazed,rewired,gas central & has an unbroken 20/30 ml view.If I was to sell it I'd struggle to get 50k.The answer for any government is get what employment you can moved into these areas of high unemployment & it may alleviate the housing shortage a little bit.It's no good them puffing & blowing about moving Government departments,they should get on & do it.If their employees don't like it,tough move like others have had to do.

Agree makes sense to try and move certain departments up north.  Trains were always based in crewe and derby.  BBC now in Salford(is it?)., dvla in cardiff.  Does NHS have a HQ?  Department for Education?  Police.  HM Revenue.  Etc all these depts must have some HQ why not try and base them in areas of high unemployment rather than London.  Where is that?