Market turned?

zcacmxi

Another year on, and looking at the Nationwide / Halifax / Land Register figures is seems that London was mostly up, with most other areas down...

I wonder what this year holds. Interest rates still low, although recession / unemployment could be a problem. My guess is another year of wobbling, with prime / sought after properties continuing to rise due to lack of supply, and no crash elsewhere either.

brit1234

zcacmxi wrote: »

Another year on, and looking at the Nationwide / Halifax / Land Register figures is seems that London was mostly up, with most other areas down...

London has started to wobble big time. We have seen London house price falls coming to the end of the year. The foreign investors who kept the market up where in the rest of the country fell have either spent their money or got cold feet with rumours of mansion taxes/stamp duty loop hole closures. The end result foreign investor funds for London property has fallen by more than half.

I believe London prices will be down this year which should mean country figures should show bigger falls without London averaging them up.

zappahey

zcacmxi wrote: »

My guess is another year of wobbling, with prime / sought after properties continuing to rise due to lack of supply, and no crash elsewhere either.

My guess is that this question would be better over in the Debate House Prices and the Economy board, otherwise the usual nutters continue their endless bickering here.