House prices over the next 5 years?

ollyshaw

There is a lot of debate over the future of house prices on here. However from what I see:

people who think they will go down are waiting for a chance to buy;
the people who think it will go up have bought and have a mortgage.

So can we have a poll on this. What is your opinion and what is your position?

Olly

hechizero

Prices may go down, but it will be the "BUYTOLET" crowd that jump first. This should free up some entry level housing which should actually have a positive effect on the market as a whole.
As for the rest of us, more specifically Londoners, the housing market will always remain strong as demand is always strong. Life doesn't stop because of property prices.

meanmachine_2

Over five years? Probably fall and rise, but ending roughly where they are today in real terms.


Who knows? If we have a recession all of these East European migrants will likely go elsewhere, making the market a lot worse than it might otherwise be.

If we don't have a downturn, things will tick along as before - with rises around the level of wage inflation.

But I know nothing. My record on this subject is rubbish.

Tassotti

now where's that crystal ball gone.....?

my opinion is that prices will remain flat for the next five years, waiting for all the underachievers to earn more money and be able to afford to buy

manhattan

Tassotti wrote:

now where's that crystal ball gone.....?

my opinion is that prices will remain flat for the next five years, waiting for all the underachievers to earn more money and be able to afford to buy

hmmm, underachievers is the wrong word imo.

people on above the average wage are finding it very difficult to buy a first property too

manhattan

if the average wage was £50k pa today, then i would buy at todays prices!

ollyshaw

Intersting poll so far ~44% say fall ~44% say rise.

Interesting to see that opposing views exist for both sides of being on the ladder.

Olly

F_T_Buyer

Good poll. It shows how sentiment is all important. Those with property mainly think it will go up, where those without think it will go down.

You could interpret this poll as groups want, rather than what different groups think... maybe...

nelly_2

Tassotti wrote:

now where's that crystal ball gone.....?

my opinion is that prices will remain flat for the next five years, waiting for all the underachievers to earn more money and be able to afford to buy

and as cocky self righteous scumbags go you are a gold medal winner!

ginger_nuts

Nelly as always ,has a way with words :T ........I agree with Nelly

pawpurrs

Underacheviers how rude a lot of doctors and nurses earn less than 50K per year and I wouldnt call us underacheviers, I hope you never need core workers like teachers, doctors etc.............

Wages dont stack up to house prices and it is a struggle, but house buying allways has been I guess, house prices are mad but just about doable for most with interest rates low, if they rise much more then prices need to fall.

What has really not helped is the fashion for buy to lets, not saying if I had the money I wouldnt do it, just that it really has screwed with the market IMO.

In answer to the question who knows, Im glad I bought my first house in 1999, but now moving to my second and worried about the mortgage again.......... just as this one becomes affordable, I start to drown myself in more sebt, lol!

I have been thinking for the last 8 years that prices will come down but they havent, so Im glad I bit the bullet and bought or I still wouldnt have at the end of the day, only buy something you can afford, and try not to worry its out of all of our hands.

But they must start to come down soon surely? I would be better off selling for less and buying for less!