House Prices Up 25% to £274,700 by 2013...

firsttimetom

Hmmmm, what a load of old tosh. I have a good mind to e-mail them adn tell them they are talking out of their backsides.

However, it is feasible (although I doubt it will happen) if we experience hyper inflation in the wider economy.

mstar

well i think house prices are on a upward trend and by 2013 we will find houses prices rise simply due to demand still outstrips supply particularly london areas.

mewbie_2

mstar wrote: »

well i think house prices are on a upward trend and by 2013 we will find houses prices rise simply due to demand still outstrips supply particularly london areas.

You are absolutely right. I suggest you back this knowledge up with hard cash, or borrowed, as you simply cannot lose. Fill ya boots...

mstar

mewbie, nobody can know what will exactly happen but one thing u cannot deny is that demand for housing will remain -its a basic requirement of life to own your own place. The sticking point if that by 2013 will the mortgage availability problems ease?

there is a serious problem of house prices in the long term will remain on a upward trend so discouraging buyers now should be peoples decision, who knows what will happen by 2013 but there is a shortage of housing and that is not going to change in 10-15 years

mewbie_2

You know... I typed a response... and kind of thought.. what is the point?

Believe what you want, do you what you want, and I hope everything goes well for your personal choice.

Generali

mstar wrote: »

mewbie, nobody can know what will exactly happen but one thing u cannot deny is that demand for housing will remain -its a basic requirement of life to own your own place. The sticking point if that by 2013 will the mortgage availability problems ease?

there is a serious problem of house prices in the long term will remain on a upward trend so discouraging buyers now should be peoples decision, who knows what will happen by 2013 but there is a shortage of housing and that is not going to change in 10-15 years

Have a read about what supply and demand are and how they relate to the money people are able or willing to buy and sell for. If the funds aren't there to support high prices it doesn't matter how many people are chasing how many homes.

Most people can't be bothered to read up on the simplest building block of economics. If you do and take the time to think about and understand it you can end up making a lot of money.

chrisandanne

mstar wrote: »

-its a basic requirement of life to own your own place.

No it isn't, it's a basic requirement to have somewhere to live. A x

neverdespairgirl

mstar wrote: »

mewbie, nobody can know what will exactly happen but one thing u cannot deny is that demand for housing will remain -its a basic requirement of life to own your own place. The sticking point if that by 2013 will the mortgage availability problems ease?

It's certainly NOT a basic requirement to own your own place. Why on earth would you think that?

beingjdc

Ah, good old discredited NHF reports by Oxford Economic forecasting. Shall we go through this one more time?

Today they say prices are going to rise 25% to £275k by 2013.

Yet two years ago they said that by 2012 prices would be £304k and rising.

http://www.guardian.co.uk/business/2006/jul/17/housingmarket.houseprices

Yet three years ago they said house prices were 20% overvalued.

http://www.guardian.co.uk/business/2005/mar/22/housingmarket.houseprices

I'm not sure they really know what they think.

Pobby

Supply and demand. Hmmmmmm, new build flat anyone. Gonna be plenty of empty ones about.