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Debate House Prices


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Shall we have our own 12 month house price survey then?

13334353638

Comments

  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Devon? Chucky? Other regulars? You all out there?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Cleaver wrote: »
    Devon? Chucky? Other regulars? You all out there?
    i did -5% last year so i'll do i'll do -7% this year
  • System
    System Posts: 178,371 Community Admin
    10,000 Posts Photogenic Name Dropper
    0% with a peter snow style 2% swing.

    Or whatever it was last time.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Back in the beginning of September, I put my shout in for a -1.5% to balance my stagnating theory.
    Could I predict -1.5% for next year?
    I know there a factors prediciting a modest fall of 5% for the next year, but putting -1.5% would figure in my thoughts that were pretty much in a stagnant period.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • harryhound
    harryhound Posts: 2,662 Forumite
    edited 20 December 2010 at 6:01PM
    harryhound wrote: »
    Up 3% by Xmas, then the quantitative easing effect will wear off, so by end of August next year (2010) down 1%.

    Two years ago the banks were going bust.
    So we transferred the debt to the government to avoid economic melt down

    Now two years later the governments are going bust, because the debt is still there.

    There has been more printing of money that has inflation running at 4%.

    I think this coming year will be sovereign reckoning time and the start of interest rates going up once more.

    So I forecast a fall of 10% in nominal values probably more like 15% when inflation and currency exchange rates are factored in.

    [1.00 USD = 0.644752 GBP
    1.00 EUR = 0.845792 GBP]
  • Gradual falls with an uptick somewhere during the year.

    -5%
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Count me in.

    Down 13%.
  • michaels
    michaels Posts: 29,217 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I'm in the greater than 10% camp too - lets call it 12% but I expect to see some support measures during the year steadying things a bit after steep falls in the first 6 months.
    I think....
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    http://www.bbc.co.uk/news/business-11914386

    House price predictions on the BBC for the forthcoming year:
    HOUSE PRICES IN 2011

    • Ray Boulger, John Charcol - up 2%
    • Bernard Clarke, CML - "may fall a bit or stay flat".
    • Martin Ellis, Halifax - "little change".
    • Jonathan Davis - 10% fall.
    • Ed Stansfield, Capital Economics - "10% fall this year or next".
    • Martin Gahbauer, Nationwide - "soft decline in first six months".
    • Simon Rubinsohn, Rics - down 2%.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    -4% for me please Cleaver. I think it will be somewhere between 0 and -5, just don't know where, and I rather like the number 4.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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