*breaking news* house prices to rise 16%!

IveSeenTheLight

nzseries1 wrote: »

Can't we move this to the Debate House Prices forum? kthxbye.

surley it should also be merged with the already existing thread
https://forums.moneysavingexpert.com/discussion/2851720

doire_2

daisydays wrote: »

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

This type of rubbish post has Sibley written all over it

Batchy

While GDP is running +2% inflation is running at +3% and payrises at more than +1% (payrises, the movers will be the ones getting rises, and above inflation, the ones who's mortgages are getting cheaper in relation to income will be 1% ers, and the -5% ers will be thankful of having a job, and certainly wont be commiting to buy a house)

What do you think will drive house prices?

I personally, think expectations will be stability, and stability is -2% to +2% per annum over the next five years. Credit is limited but IS available to the right person. House sales arnt necessarily that pressured, even in divorcees they are sitting tight and waiting, paying down the debt, while rates are low. Better in bricks and land than in dodgy banks!