How much will house prices rise?

Sibley

What do you think the average house price will be in 2015?

I'm going with 190K.

shortchanged_2

Sibley you are getting very twitchy again. Do you forsee a problem with your grand plan?

MacMickster

Sibley wrote: »

What do you think the average house price will be in 2015?

I'm going with 190K.

Its a MrRee to me.

Aberdeenangarse

shortchanged wrote: »

Sibley you are getting very twitchy again. Do you forsee a problem with your grand plan?

He's probably in negative equity

twadge_face

€44,158,998.00

After we join the Euro and we all go hyper together.

paulmapp8306

Whats the average now ? £168k ?

if so Id say somewhere between £180k optomistically (allowing for a small below inflation rise annually) and £150k pessimistically if prices continue the current trend.

Realistically Id think they will be about the same as they are now.

Cleaver

Sibley wrote: »

What do you think the average house price will be in 2015?

I'm going with 190K.

About the same as they are now. So around £160k.

tommyknocker

It's all irrelevant. According to the Mayan calendar we won't be here after next month :beer: so sell, sell, sell now, and spend it while you can

AD9898_2

Can't see them going anywhere. I think if they do change it will likely be caused by the skewing of figures brought about by low transaction and mortgage levels. I.E, more high quality homes selling due to wealthy people not being affected as much by the current economic climate, while average and below average properties fail to sell.

I still feel the debt burden is way too high and any movement in IRs upwards would still spell disaster for many. So to sum up.... for the average punter, little change.

nickj_2

in my village , during the "boom years " houses were snapped up more or less the day they went to market
it's in a very desirable area , motorway link nearby , train station + 40 mins from london , stansted airport 20 mins , cambridge 25 mins good school etc etc . now most houses are up for sale for ages , most have been sold only to go back on the market again a couple of months later .
there may be a shortage of houses - there may be a demand for houses but if people can't afford them and rents are increasing something has to give , a nudge of a % in interest rates would send prices down

kbrumann

Houses prices rising above inflation would be very bad for the British economy and for society. House prices dropping would send alarm signals and leave many people with negative equity, making it difficult for them to move from areas of high unemployment to areas where jobs are being created. So I am roughly in line with @paulmapp8306 and hope that house prices will rise below inflation.