House prices will stay in the doldrums for years.

wolvoman

carolt wrote: »

Stagnation after falls would be a great thing.

But prices need to fall to reasonable levels first.

Define reasonable.

People on mean salaries can afford mean-valued properties.
Those on median salaries can afford median properties.

LisbonLaura

ruggedtoast wrote: »

I'm sick of this sht. Are they going up or down?

I want answers.

That's easy.

The less Sterling is worth the less property will (appear to) go down.

This may not apply to viewers in Scotland ............ (& the rest of this long sentence leaves me open to a flaming accusation, so I have censored myself).

This process will continue for two decades despite the frequent 'import' of green shoots.

HAMISH_MCTAVISH

wolvoman wrote: »

Define reasonable.

People on mean salaries can afford mean-valued properties.
Those on median salaries can afford median properties.

:rotfl:

...........

carolt

wolvoman wrote: »

Define reasonable.

People on mean salaries can afford mean-valued properties.
Those on median salaries can afford median properties.

Reasonable = 3 X average salary.

Mean or median, I'm not fussed.

ruggedtoast

chucky wrote: »

we can tell you whatever you want to hear

if you want them to go down we'll tell you they're going down and most people will be happy. if we tell you they're going up - most people will be unhappy.

which one do you want?

I basically want to hear that they're going down, until just after I buy one when I then require them to go up quite rapidly.

ad9898_3

chucky wrote: »

stagnation until the next election maybe - then it's a brand new game...

I agree, the falls will then continue as we are being falsely supported at the moment by QE and borrowed money, once that has been taken away, we will see if the economy can stand on it's own two feet, my thoughts are that it can't in the short term.

IveSeenTheLight

Graham_Devon wrote: »

And may I just say, worldtraveller was one of the first over 2 years ago predicting everything that has happened now, before even the news was picking up on things.

Worth listening to!!!

And do you agree with his prediction now?

First 50-70%
Then 40-45%
Then 30-40% (courtesy of worldtraveller)

What will it be in the next coming months Graham? I see a trend

chucky

IveSeenTheLight wrote: »

And do you agree with his prediction now?

First 50-70%
Then 40-45%
Then 30-40% (courtesy of worldtraveller)

What will it be in the next coming months Graham? I see a trend

he predicted the FTSE would hit 2,200... :rolleyes:

mbga9pgf

StevieJ wrote: »

Negative headline but the sentiment overall appears to be changing, no crash bang wallop and more use of gently also is that 2020 forecast only a 30% possibility meaning that we have a 70% possibility of returning to 2008 real prices. 'It's the way you tel em'

He added that house prices were likely to fall by a further 5-10%.

PWC said it was more likely than not that real house prices in 2015 could still be below average levels seen in 2008, after adjusting for inflation. Even in 2020, after five years of relatively strong growth, the consultancy saw a 30% chance that real house prices could be below 2008 levels.

Anyway thanks AD for the useful post.

Steve, you need to relearn the meaning of real...

The article is saying prices, not real-adjusted prices are going to reach the 2007 peak by 2020...

NOT real adjusted, IE owners will still have an asset worth less than they did in 2007.