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Debate House Prices


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*breaking news* house prices to rise 16%!

daisydays
daisydays Posts: 56 Forumite
in Debate House Prices & the Economy
I just read the latest MSE news about house prices rising 16% by 2014 and was surprised to learn that this year they will have risen by 7% compared to the start of the year. I suppose it's a good idea to buy now in that case, if you can, I always say that property always goes up eventually so better to try and get on that ladder sooner rather than later.

http://www.moneysavingexpert.com/news/mortgages/2010/11/house-prices-could-rise-16-by-2014?utm_source=forum&utm_medium=sidebar&utm_campaign=box
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Comments

  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Yeah I heard there are still no checks on whether people can afford mortgages still.
  • firstaspect
    firstaspect Posts: 487 Forumite
    Please see here https://forums.moneysavingexpert.com/discussion/2851320.

    "was surprised to learn that this year they will have risen by 7%"

    that should be "was surprised to learn that this year they MAY have risen by 7%. The article is pretty flawed and is unlikely to happen IMO.
  • satchmeister
    satchmeister Posts: 372 Forumite
    firstaspect wrote: »
    Please see here https://forums.moneysavingexpert.com/discussion/2851320.

    "was surprised to learn that this year they will have risen by 7%"

    that should be "was surprised to learn that this year they MAY have risen by 7%. The article is pretty flawed and is unlikely to happen IMO.
    flawed article, prices always rise by 10% each year.
  • kjmale
    kjmale Posts: 17 Forumite
    I would love to get on the property ladder. In fact my mortgage payments would be less than my rent!

    However if you only have a 10% deposit then interest rates are 6% I guess I have to keep saving until I reach £40k which is what they suggest FTB should be starting off with!

    Here's to dreaming of winning the lottery.......:cool:
  • puddy
    puddy Posts: 12,709 Forumite
    theres been loads of articles recently from difference sources and they all say different things, prices going down over 5 years, prices going up, prices staying stagnant
  • Riq
    Riq Posts: 10,430 Forumite
    Can the houses just make up their minds please so I can decide whether to buy or not!
    "I'm not from around here, I have my own customs"
    For confirmation: No, I'm not a 40 year old woman, I'm a 26 year old bloke!
  • quantic
    quantic Posts: 1,024 Forumite
    Part of the Furniture Combo Breaker
    puddy wrote: »
    theres been loads of articles recently from difference sources and they all say different things, prices going down over 5 years, prices going up, prices staying stagnant

    This probably indicates that either a) The people writing the articles are giving their view with a hidden agenda or b) That nobody has a clue what they are talking about.
  • joerugby
    joerugby Posts: 1,180 Forumite
    Part of the Furniture Combo Breaker
    Beware headline statistics. A couple of articles in last Saturday's FT suggested the following:

    Large and desirable houses in prime areas will rise in value quite significantly by 2015, run of the mill houses in average areas will grow in value but by a very small amount and flats will fall in value.

    It suggested that very few buyers will be under 40 years of age, that people would rent and save until that age for a significant deposit and then buy a "house for life". I.e. there would no longer be a "property ladder"

    Makes sense to me.

    If it's your house for life and you can afford it then buy it now. If it's not then don't.
  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    Can't we move this to the Debate House Prices forum? kthxbye.
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
  • Glitzkiss
    Glitzkiss Posts: 5,326 Forumite
    nzseries1 wrote: »
    Can't we move this to the Debate House Prices forum? kthxbye.


    Have PM'd misskool so hopefully it will be moved
    Skip to the end
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