UK house prices face prolonged bear market

marklv

Generali wrote: »

It's happened in Japan, pretty much anyway, so it is possible. House prices do seem to be defying gravity for the time being though.

Japan doesn't have a constant flow of immigrants into their country, though. And the massive inherited wealth that will flow downwards in the decades to come will provide house buyers in the UK with the deposits they need.

ukcarper

Just one point was it a bear market between 1989 and 1995

ukcarper

[QUOTE=ruggedtoast;31591043. Oddly enough we seem to have ended up with an older generation absolutely hell bent on pricing their own children out of home ownership.

..[/QUOTE]
Can you explain how the older generation is pushing up house prices and what makes you think the older generation are hell bent on pushing prices up? It’s not us buying properties at inflated prices, most of us have just lived in the house we bought 25 years ago and paid the mortgage.

carolt

Wasn't this thread posted earlier today by someone else?

Not that I'm complaining...

Almost as good the second time round.

rumbaba

Generali wrote: »

It's happened in Japan, pretty much anyway, so it is possible. House prices do seem to be defying gravity for the time being though.

Maybe in your neck of the woods, but not round my way. :money:

Property prices have been rising steadily each month for the past year.............

Doctor_Gloom

oh pickled pink's back again.

rumbaba

RDB wrote: »

The point is not how similar the UK is to Japan, but that it is possible for house prices to fall 80%.

Im not saying UK can crash 80% but Im saying it has happened before thats all.


It seems property bubbles are all over the world now.

One swallow doesn't make a summer. And when exactly did house prices in the UK drop by 80%? Hmm?

Sounds to me like wishful thinking on your part.

House prices - DESPITE the recession - have INCREASED in price. I remember 2 years back when all the desperate vultures were slapping their lips together and hoping and praying house prices would fall by 50 or 70%:rotfl::rotfl:

Didn't happen did it?!:p And they've missed boat - AGAIN! Only, this time they've fallen further away from that first step on the ladder - cos prices have increased!

That's where you get by listening to the doom and gloomer have-nots!:money:

Doctor_Gloom

pickledpink, breadlinebetty, and now rumbaba. Are any more names going to make an appearnance?

MiserlyMartin

I could buy a house tomorrow - CASH. But I won't at these prices. They are overvalued and will correct eventually when the props are removed.

Eton_Rifle

My wife is Japanese and their attitude to property seems very different from what I've seen, as mentioned above.

Added to this (in Tokyo at least) a 20 year old house would probably be demolished, the land "purified" and then another house built from scratch. It's the land that matters, it's nothing at all like our housing.

Although maybe our modern houses would benefit from being knocked down and rebuilt every 20 years!