Express - HOUSE PRICES SET TO SOAR

chucky

Graham_Devon wrote: »

I believe the story is correct. I.e. house prices will continue to soar.

unlikely IMO - the past rises are too much.

they will definitely soften but they won't crash, those that are expecting massive drops or even massive increases are going to be disappointed. just my expert opinion of course

chucky

Doctor_Gloom wrote: »

Hi pickledpink/rumbaba/breadlinebetty/thermidor/honeypopper, etc. How are you today?

hello a44downey, pizzagirl, banderman, fatpig, napoleon - you've been missed since house prices have been rising

Graham_Devon

chucky wrote: »

unlikely IMO - the past rises are too much.

they will definitely soften but they won't crash, those that are expecting massive drops or even massive increases are going to be disappointed. just my expert opinion of course

Depends what you class as "soar" I guess.

I can certainly see tripple or quadruple general inflation.....and more importantly, well over wage inflation if the current policies are continued, and the policies talked about by the 3 party leaders ARE actually put into place.

If they are not put in to place, and we actually get some kind of grip on the mess we are in, then I can see pretty harsh falls.

Personally not sure there is room for stagnation. Everything is all balanced on the edge at the moment in my view. One policy change can push things either way too easily I feel for stagnation.

chucky

Graham_Devon wrote: »

Depends what you class as "soar" I guess.

I can certainly see tripple or quadruple general inflation.....and more importantly, well over wage inflation if the current policies are continued, and the policies talked about by the 3 party leaders ARE actually put into place.

If they are not put in to place, and we actually get some kind of grip on the mess we are in, then I can see pretty harsh falls.

Personally not sure there is room for stagnation. Everything is all balanced on the edge at the moment in my view. One policy change can push things either way too easily I feel for stagnation.

wage inflation was 2% in 2009 - so it's not going to be too hard to be above this. this points to the fact that there is a continuous demand for property if credit is available. credit won't be at 2007 for a long time so demand will be constrained due to this and prices are unlikely to soar.

Exocet

This is almost as exciting as Clegg v Cameron. Will there be a result by Friday?

SteveV2

nollag2006 wrote: »

Neither of these things are occurring, in fact the opposite is the case.

Funny person.

I build houses for TW. I build them for 20% less than last year. The houses are still not selling too, it's all HA and has been for ust over 2 years now.

2 blocks of flats on site, that's 24 front doors. Very cheap starting at £80,000, perfect for first time buyers. 3 are sold in 2 years!

That kinda tells me both are.

HAMISH_MCTAVISH

Exocet wrote: »

This is almost as exciting as Clegg v Cameron. Will there be a result by Friday?

There may not be a result by Friday for that either.....:eek:

IveSeenTheLight

AbbieCadabra wrote: »

but they are nothing like any figures i'm personally aware of.

If were talking anecdotal, my company has rolled out an budget increase for skilled workers of 4% this year.

I also know a number of people who have progressed in their careers and have taken in between 10 and 25% increase this year.

I'm sure some areas may be finding it tough, but it's not reflective throughout

mbga9pgf

The public sector will be getting the raping. I would say deservedly so. Its time ALL of us, all public sector workers including the NHS, get back to reality. We need a f*cking great scythe taken to all those management consultants, facilitators and losers who add absolutely no value to the public sector.

However, those that DO add value, must be supported. Case in point. We have an administration system at work, its complete and utter W*nk, made by an american company. The administration costs dwarf the costs of the expenses they aminister.

Why not axe the administration and go to a flat rate? Common sense, money paid straight into personal accounts, no bean counters.

Unfortunately, this was not the brown way. as long as a job could be created, at massive expense to the taxpayer, for minor administrative gain, the job was created. Its this sort of job that should go, not the bobby on the beat, the nurse on the ward, nor the squaddie in the fields of afghanistan.

I dont think the private sector has TOO much to fear, although if I were selling expensive tatty clothes (next et al) I would be worried. We are going from a consumerist nation and evolving into a high tech manufacturing industry. Only way this will happen, competitive taxation, investment and education. Bad luck if you are a low skilled worker or serial doleite. great if you are an immigrant with a PHD and wanting to emmigrate here.

IveSeenTheLight

Cat695 wrote: »

people will be sat in their million pound house's wondering why they can't sell it.

Do you not wonder how the house will be worth a millions pound?

It will be because there is sufficient demand for that type of property in that area that has driven the market value to that level.

Cat695 wrote: »

People renting won't be able to afford the rent as BTL landlords raise their rent.

Do you not wonder how the property will be worth the increased rent?

It will be because there is sufficient demand for that type of property in that area that has driven the market value to that level.

The market will set the levels.
If there is sufficient effective demand compared to supply for buying property, then house price will rise, if not then they will fall.

If there is sufficient effective demand for rent compared to supply for renting property, then rents will rise, if not then they will fall.