Are House Prices Going to Crash?

cwcw

I'm buying at the moment and am starting to get a little bit worried that they will do. I still think that a levelling off towards the end of next year is more likely though.

Jim_B_3

Of course they will. The question is how soon - next year, next decade, next century?

Gorgeous_George

No, they will continue to rise

You need to list all the events that could lead to a price fall and then assess the likelihood that each may happen.

Increased interest rates are one obvious item for your list. I think their next move will be upwards and my guess is that base rates will average 5-6% over the next 10-15 years. Hardly likely to force the kind of crash that was experienced in the early 90s *(caused by the boom and bust Tories).

A fall in population is next on my list. A major disaster, be it war, disease or whatever could reduce the UK's population significantly enough to affect house prices. I think we would all have better things to worry about if this were to happen.

So, carry on with your list. It's your call.

Now list things that could lead to further house price increases. Rising population, more people inheriting value from increasingly wealthy elderly family members. Carry on with your own list.

In the end, you should be in a better position to assess what you think will happen.

Or you could ask the usual crowd to share their polarised opinions from housepricecrash websites.

For me, it seems highly unlikely that prices will continue to rise across the UK but there will be pockets where prices will continue to rise.

Personally, I neither know nor care. I love my house.



GG

libitina_2

Yes, within the next year

Do your research and if you are buying a home(not an investment) and are able to sit out any falls in the market without too much belt tightening, then go for it. If you're worried, then wait.

Personally, I'm waiting.

mr.broderick

No, they will stabilise and interest rates will stay low enough

libitina wrote:

Do your research and if you are buying a home(not an investment) and are able to sit out any falls in the market without too much belt tightening, then go for it. If you're worried, then wait.

Personally, I'm waiting.

Waiting for what?

Woby_Tide

so only 5 honest people with the balls to say quite rightly "I've absolutely no idea"

How about another poll "I've been predicting a crash for.....x years and still it hasn't happened"

mr.broderick

No, they will stabilise and interest rates will stay low enough

Woby_Tide wrote:

so only 5 honest people with the balls to say quite rightly "I've absolutely no idea"

How about another poll "I've been predicting a crash for.....x years and still it hasn't happened"

:rotfl: Yeah sod em all who cant get on the ladder.....

Woby_Tide

mr.broderick wrote:

:rotfl: Yeah sod em all who cant get on the ladder.....

interesting opinion, I'm sure you'll be very popular

borewaiting

Yes, within the next year

Interest rates are just starting to rise, debtors are starting to implement methods to reduce the number of people defaulting on their debts. Once the papers start reporting this in ernest sentiment will pick up and houses will start to fall in price.

However, if you know you can afford the repayments (even with interest rates going to 6%, or even more) and you will stay in that house for 5-10 years then there is no problem, you'll be fine.

Gorgeous_George

No, they will continue to rise

Al_Mac wrote:

Big post though

Size, in this case, is not important.

Anyway, I type quickly.



GG

mr.broderick

No, they will stabilise and interest rates will stay low enough

Gorgeous_George wrote:

Size, in this case, is not important.

Anyway, I type quickly.



GG

Heard you're a big boy gorgeous