Ok lets place our bets on house prices in 2013

RDB

Not trying to call the bottom just that the last crash took about 6 yrs to pan out.

So I am sticking with what I have always said:-

50% average falls from top to bottom (whenever that is)

to get average falls of 50% yes some areas will have joined the 70% club.

Lets revive this thread and see who was right.

themanbearpig

I'm going to say 40-60% off peak, which may sound insane given the market appears to have started to stabilise. I think this house price crash will accelerate in the near future due to the worsening economy.

Pobby

As I have stated many times before, property shot up in price over very few years with little to support that. Yes, 40 to 60 per cent off peak seems about right.

torontoboy45

2010: a fall of 12% from peak,
2011, smaller,
2012, smaller still,
2013, static. continued for 4yrs.

all of which is based on nothing other than precedent/prevailing econ. conditions/listening to wookster-!!!!!!-brit123-carolt/gut feeling.

I hope this helps.

mvengemvenge

If they aren't coming in at the bottom (FTB's), and as unemployment rises towards 4m less and less will be, the whole edifice has a long way to fall yet.

Dan:_4

By 2013 prices wont be much different then today

davilown

RDB wrote: »

Not trying to call the bottom just that the last crash took about 6 yrs to pan out.

So I am sticking with what I have always said:-

50% average falls from top to bottom (whenever that is)

to get average falls of 50% yes some areas will have joined the 70% club.

Lets revive this thread and see who was right.

42% drop from Aug 2007 to be precise ;0)

lostinrates

RDB wrote: »

So I am sticking with what I have always said:-.

Me too, I've always said I dunno really.

I don't think they'll be free. I don't think they'll be 70% of peak..not yet anyway!

I don't know partly because I don't pretend to understand all this business well, but also because even if I did, I still think its possible there are more things we haven't anticipted that could have bad impact.

ad9898_3

Not sure, it's going to be a guess, so I would hope at least 30% off peak, but if thats it, I can live with that, anymore is a bonus. I don't want much in life, a detached house bought outright, and if the market doesn't recover until 2013, then my savings will go a little further for the next item on my list, which is a round the world trip.:D

Edit........... Oh and a V8, got have one before peak oil consigns them to history.;)

Dan:_4

ad9898 wrote: »

Not sure, it's going to be a guess, so I would hope at least 30% off peak, but if thats it, I can live with that, anymore is a bonus. I don't want much in life, a detached house bought outright, and if the market doesn't recover until 2013, then my savings will go a little further for the next item on my list, which is a round the world trip.:D

ad - go to bed - u need to be in full focus for the Halifax battle starting in a few hours.

ad9898_3

You're right Dan, I have work early tomorrow, so by the time I get home it will be full swing. Still it will give me time to think of some excuses, I have a feeling I'm going to need them, just for this month though.:D