How much will house prices rise?

MrRee_2

Back on Topic.

What I have witnessed is not an increase in asking prices .... but an increase in accepted prices.

This is something people who are not actively seeking to buy do not see happening, of course.

In 2009 I saw asking prices much the same as today (this is why some people do not believe there has been an upward movement in prices).

BUT, and this is the crux of the matter, in 2009 you could get around 35% off asking prices. today, those asking prices are being achieved in full - within hours in some cases!

So, price have increased - but have been masked to those not involved in the market.

People are spending, of that there is no doubt whatsoever - just go down to the big shopping centres and see for yourselves!

I have tried haggling off prices in shops and they are not dropping! A sure sign that they simply do not have to! Shocking state of affairs and rather annoying to a canny buyer like me!

Prices will rise 10% in 2012, that's selling prices.

The doom is over, everyone is getting on with their lives ..... they cannot rent forever buying someone else's house for them - they are standing up, dusting themselves down, and getting on with living.

Let's start talking the country UP not DOWN! Or we shall end up like those saddos on HPC Forum!!

Heyman_2

Graham_Devon wrote: »

What's up with the tone in these posts?

Something worrying you both? If not, what's with the needless vitirol?

Probably, at least in the case of Dan, because we've been here before, with a resulting exodus from the people who were wrong -

https://forums.moneysavingexpert.com/discussion/1261011

Page 6 onwards. I guess it's different this time though.

wotsthat

I don't think there'll be much change either way.

However, I expect there'll be more movement in lower priced properties. FTB's must be sick of renting and sick of saving. They will be starting to realise that price falls won't be sufficient to allow them to skip the typical FTB properties.

MrRee_2

wotsthat wrote: »

FTB's must be sick of renting and sick of saving. They will be starting to realise that price falls won't be sufficient to allow them to skip the typical FTB properties.

You are quite right there.

From where I see it, people are just sick of the whole lack of confidence thing ......

Most haven't lost their jobs, most have had decent payrises, for most their saving have increased massively since 2007, plenty are seeing huge rises in rents.

They see house prices not crashing at all - quite the opposite, in fact.

They see the cost of a Mortgage is less than the rent they are paying someone else so that that soemone else can own a property without paying for it.

They see that they need to get on with living ... in their own little castle and not someone elses.

So, they are moving, buying, selling and enjoying life - this, alone, will drive the market skywards.

wotsthat

It's all a bit anecdotal but 'round my way I've been surprised at the number of sold signs popping up. Nothing too dramatic but just has the feel of an increase in momentum.

Dan:_4

Procrastinator333 wrote: »

There are often posts like this and I don't comment on many of them simply for lack of time and or not in the mood for posting, but seriously, are you 13,14? The lack of intelligence and low level of maturity such a post conveys suggests this is not an unreasonable assumption.

Nevertheless, my post turns out to be a correct prediction, once again.

drc

I reckon a studio flat in Brockley will be going for £1million+. Cheap for a FTB home. Don't complain, in the 1970s everyone's first home was a studio flat. These pesky FTB have to start somewhere!

Graham_Devon

drc wrote: »

I reckon a studio flat in Brockley will be going for £1million+. Cheap for a FTB home. Don't complain, in the 1970s everyone's first home was a studio flat. These pesky FTB have to start somewhere!

I fail to see the problem. 2 couples, the four of them on above average wage may be able to afford it, if they get rid of their iphones.

Have to make do, just as people had to in 1973.

doire_2

MrRee wrote: »

The doom is over, everyone is getting on with their lives ..... they cannot rent forever buying someone else's house for them - they are standing up, dusting themselves down, and getting on with living.

Let's start talking the country UP not DOWN! Or we shall end up like those saddos on HPC Forum!!

The doom is over? Greece, Italy, the Euro in general. UK economy is hardly growing at all. Yeap well and truly over.

Lets keep talking the country up? What the hell is that going to do?

MrRee wrote: »

So, they are moving, buying, selling and enjoying life - this, alone, will drive the market skywards.

You seem to be in the know Sibley, i mean Mr.Ree, so on that basis can you provide figures for the above?

Jimmy_31

MrRee wrote: »

Back on Topic.

What I have witnessed is not an increase in asking prices .... but an increase in accepted prices.

This is something people who are not actively seeking to buy do not see happening, of course.

In 2009 I saw asking prices much the same as today (this is why some people do not believe there has been an upward movement in prices).

BUT, and this is the crux of the matter, in 2009 you could get around 35% off asking prices. today, those asking prices are being achieved in full - within hours in some cases!

So, price have increased - but have been masked to those not involved in the market.

People are spending, of that there is no doubt whatsoever - just go down to the big shopping centres and see for yourselves!

I have tried haggling off prices in shops and they are not dropping! A sure sign that they simply do not have to! Shocking state of affairs and rather annoying to a canny buyer like me!

Prices will rise 10% in 2012, that's selling prices.

The doom is over, everyone is getting on with their lives ..... they cannot rent forever buying someone else's house for them - they are standing up, dusting themselves down, and getting on with living.

Let's start talking the country UP not DOWN! Or we shall end up like those saddos on HPC Forum!!

Can you stop making out you are really clever by knowing about the asking price and accepted price thing.

Its like you have figured out some closely guarded secret in the housing market.

Or you want people to think accepted prices are rising fast so they should buy a house ASAP, which in turn could help to ease some of the pressing financial difficulties you are facing.