Property prices will have stabilised by this time next year. Yes or NO?

fimonkey

I know it's another crystal ball question, but I'm merely looking for people's opinions and reasons why.

So the question is:

In EXACTLY 12 months time from now, do you expect:

a) Property prices to still be in decline

b) Property prices to have stabilised

c) Property prices to be rising again?


As I said, as well as your answer, can you indicate your reason please (i.e interest rates due to fall/pent up demand for property etc etc)?

Have tried to make this into a poll, but not sure it's working that way?

BlondeHeadOn

It's working as a poll - but we all seem to be very pessimistic !!

Where's all the 'green shoots' people? Have they withered away by now?...?..?...

:rotfl:

Reason - it will take longer than a year to regain the confidence in the market, whatever else happens (IMHO)

confused31_2

Nothing selling now, and its going to get worse, people are loosing their jobs and they are going to loose their houses, and this will be going on for the next year or maybe 2 or 3 years.

Im trying to sell my house and i cant see it moving and to be honest, if i was a first time buyer i would be a mug to buy now.

Prices are going to tumble and there is gonna be some right bargains,by us they had a local letting agent on the news,and she was saying she has never known it be so busy, they said they were having loads of people coming into rent properties.


confused

StevieJ

Bottom out by April, down 20%, stable for a while and then gently rising.
Hotspot around the ending of stamp duty concession ( mortgage rates should be much lower then as well).

Cannon_Fodder

There is an outside chance of prices stopping falling at the 12 month mark, due to the internet giving people easier access to 'bargains' and the goldfish tendancies among the type of people who want to turn a fast buck.

Although, that could - in another 12 months - turn out to be a false dawn...

Realy

mmm I wonder.:rolleyes:

It's like asking if crisps are nice on a Weight Watchers forum.:rotfl:

WTF?_2

Probably bottom out early/mid 2010 then scrape along for a few years.

carolt

Well, let's see:
we're heading into a recession, we've had 15% falls already before we've even had the recession and job cuts..... now my crystal ball may be cloudy but even so the outline of FALLS are pretty hard to miss.

Recessions take 2 years on average, so don't expect any stabilisation let alone rises for some time.

ultra10

StevieJ wrote: »

Bottom out by April, down 20%, stable for a while and then gently rising.
Hotspot around the ending of stamp duty concession ( mortgage rates should be much lower then as well).

Dreeeeeeam, dream dream dream...Dreeeeeeam dream dream dream :rotfl:
Hum along if you want

adr0ck

confused31 wrote: »

Nothing selling now,

houses are still selling (just no where near as many)

Barneysmom

I'm hoping the will stabilise.
Ofcourse it would happen earlier (IMO) if it weren't for HIPS, ban it I say.