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Do You Expect House Prices To Increase In Over The Course Of The Next 12 Months?

nmiah786
nmiah786 Posts: 577 Forumite
in House buying, renting & selling
Just plain and simply want to know what peoples prediction/expectations are for house price by the end of next year. Realistic predictions/expectations in your local area as opposed to "I hope prices will drop" or "Property always increases in value".

Just wanted to get the views of people on here. Please vote in the POLL with YES or NO!!!

DO YOU EXPECT HOUSE PRICES TO INCREASE IN OVER THE COURSE OF THE NEXT 12 MONTHS?
Debt at highest (November 2005) = £35,856

Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p

DO YOU EXPECT HOUSE PRICES TO INCREASE IN OVER THE COURSE OF THE NEXT 12 MONTHS? 209 votes

YES
52% 110 votes
NO
47% 99 votes
«134567…15

Comments

  • kinster_2
    kinster_2 Posts: 592 Forumite
    you writing a report?
    You'll Never Be Rich Working for Someone Else
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Do you want seasonally adjusted figures. I can do that on Christmas day after making some blood alcohol level adjustments.

    Seriously, I predict that house prices will fall relative to inflation.
    Happy chappy
  • nmiah786
    nmiah786 Posts: 577 Forumite
    kinster... No I'm not writing a report but I just wanted to know what the ordinary publics expectations are in a simple YES/NO form. Were seeing so many reports coming out and major institutions making predictions and I just wanted to see if this matches the ordinary publics expectations.

    tomstickland...... :snow_laug MERRY XMAS

    $$$ Wasnt intended to be loaded. I just wanted to narrow it down to just YES/NO. I guess I could have titled it "DO YOU EXPECT HOUSES PRICES TO DECREASE OF THE NEXT 12 MONTH".....maybe I should next time and see if there is anything notable....Also whats CPI!!! :confused:

    I know there are so many other factors which determine house price increase or decrease but I just wanted to know what the general public are expecting in the next 12 months in a simple YES/NO.
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • grumpyoldgit_2
    grumpyoldgit_2 Posts: 411 Forumite
    South Yorkshire - increase just above inflation
    K eep
    I t
    S imple
    S tupid!!
  • zag2me
    zag2me Posts: 695 Forumite
    Part of the Furniture Photogenic Combo Breaker
    Yep increase, by around inflation(which actaully means stagnation in real terms).

    I've been a member of housepricecrash.co.uk too, and was conviced there would be a crash this time last year, but I just dont see it happening in these economic conditions.
    Save save save!!
  • nmiah786
    nmiah786 Posts: 577 Forumite
    57% YES and 43% NO so far

    PLEASE KEEP VOTING.....ONLY 30 PEOPLE SO FAR......COME ON PEOPLE!!!!
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash !
    .
    .
    .
    .
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    House price Crash !
  • kinster_2
    kinster_2 Posts: 592 Forumite
    zag2me wrote:
    Yep increase, by around inflation(which actaully means stagnation in real terms).

    I've been a member of housepricecrash.co.uk too, and was conviced there would be a crash this time last year, but I just dont see it happening in these economic conditions.

    well, at least you ain't one sided as most people on there.
    You'll Never Be Rich Working for Someone Else
  • meheraltaf
    meheraltaf Posts: 1,789 Forumite
    deemy2004 wrote:
    House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash ! House price Crash !
    .
    .
    .
    .
    .
    .
    .
    House price Crash !
    You wish! You wish! You wish! You wish! You wish! You wish!
    You wish! You wish! You wish! You wish! You wish! You wish!
    ;););) ;);)


    meher
  • Kenny4315
    Kenny4315 Posts: 1,133 Forumite
    Prices are now on the decline, it is seriously a buyers market and anyone who has not realised this is living in cloud cuckoo-land. Over the past year the market has probably lost a fraction as the market has slowed and stagnated, but the houses on the market are now coming under serious pressure. Those who need to sell are having to slash prices to sell them, I have seen numerous houses with 10% + reductions of late, that's alot of loot.

    A significant drop is now on the cards, when banks (halifax et al) are predicting 3% growth in reality that means there are problems on the horizon for those who have too much debt in relation to their assets and in particular to their liquid assets (ie cash or near cash equivalents). I predict a downturn in the region of 10% in the year, and potentially further reductions after that. Overall a downturn in the area of 20% from its peak which in my view was somewhere around the start of 2005 / end of 2004.

    Those who have not got their finances in order or are have banked on continual 15% rises per year and have remortgaged continually the purchase un-necessary rubbish, had better get out to the january sales to buy a tent (preferably one with some quality insulation for the cold spells ahead) ! :xmassign:

    Reasons for the decline :
    1. Prices have reached to high a level.
    2. Buy-to-let no longer attractive considering potential capital loss/minimal gain.
    3. Stamp duty (loads of loot to pay for nothing £300k = £9k, £500k = £20k)
    4. Earnings to borrowing near all time high.
    5. Inheritance Tax
    6. No more pension shield.
    7. Gap between purchases massive even with loads of equity
    8. Pressure on UK interest rates
    9. Pressure on employment
    10. Pressure on Inflation
This discussion has been closed.
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