Just for fun. PLace your stakes and say when you think the bottom will be.

whathavewedone

On the basis that house prices continue to fall at the levels that they have been doing for the last year, I think they will bottom out in 2010. Prices are not likely to go anywhere fast in 2011 though so it will still be a pretty good time to buy - possibly less room to manoevre in terms of making cheeky offers though once it's become general knowledge that prices have bottomed and now have only one way to go.

Kenny4315

August/September the market will stablise, with some small falls till the year end. End of year position down 15 to 20%, loaded mainly in months up to Aug, with heavy falls in this period.

Conflict

There will be a false bottom in 2012 before the Olympics then a real bottom (only a few percentage points lower) some point in the years after 2013-2015.

The housing market isn't going to keep droping at the rate it does now, if it does then calls of housing bottoms are useless as there will be more important things to worry about by middle of next year.

SingleSue

I have no idea....it's already gone past what I predicted it to fall by!

davilown

I believe sometime towards the end of next year (2010) but this has kept changing of the last few months because of the other factors involved in this recession. A total drop of between 37-44% on average. I think this will then be followed by a very drawn out, inflation only increases over the next 5-7 years.

There will be really only be two types of only buyers in 2011- those investors who have the cash and who were savvy/lucky enough during the last boom, and those who have not yet bought in their lifetime.

Saying that, I think that mortgages will be more difficult to get with a min of 15% deposit to get a reasonable rate.

I can't see any similar price increases over the next 15-20 years as we've experienced from 1999-2007 though, mainly because a lot of 'normal' people will be badly effected by this recession, whether by negative equity, job losses, repossession or just a general uneasy/fear feeling about what has happened .

I can remember my parents house being on the market from '88-'93 and then on and off till it eventually sold in '97. I only wish I could have bought it and should it ever come back on the market I will give it a bloody good go!

fimonkey

Hmmm, .. wonder if the general election will do anything to boost moral and therefore create a bit of hope in the housing market? I'm talking of the day GB joins the mass redundant. Its about the one thing I AM certain will happen, I really cannot see him being elected a second term, I mean I know we're foolish in this country, ... but that foolish?

davilown

fimonkey wrote: »

Hmmm, .. wonder if the general election will do anything to boost moral and therefore create a bit of hope in the housing market? I'm talking of the day GB joins the mass redundant. Its about the one thing I AM certain will happen, I really cannot see him being elected a second term, I mean I know we're foolish in this country, ... but that foolish?

Perhaps we could start a poll with "what % of the vote will Labour get?". Will be very interesting to see what would happen to the MPs from Labour's strong holds from the previous three elections, especially around power stations!

lowis

spring 2010

no idea why, just have a feeling