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Debate House Prices


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When will house prices go back to 07 levels

124

Comments

  • RUN_RABBIT_RUN
    RUN_RABBIT_RUN Posts: 426 Forumite
    thats the problem with categorising house prices by year rather than by area

    there are so many factors to consider
    'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
    GALATIANS 6: 7 (KJV)
  • CRASH_BANG_WALLOP
    CRASH_BANG_WALLOP Posts: 661 Forumite
    most areas in the uk are falling so its going to be years
    Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    Supply and demand get ready for the boom when the taps start to run money
  • movilogo
    movilogo Posts: 3,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Price will fall even further with base rate rise. Usually sheeple have a tendency to be in debt up to the neck. When rate rises, many of their re-mortgage will be unaffordable which will lead to further repossession/distress sell thus driving price further down.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    DaisyWheel wrote: »
    I live in SW London - and house prices are already well above the 2007 levels.

    It all depends on your local area. National averages mean so little

    I've got 4 flats in Battersea (SW11), I think they are about 8-10% below peak.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    The South Coast is seeing selling prices at around 2006 levels - and they are selling very fast at those levels - so, it cannot be long before the heady days of 2007 are seen again.

    I would say Spring 2013 will see 2007 prices along the South Coast.
    Bringing Happiness where there is Gloom!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    chucknorris wrote: »
    I've got 4 flats in Battersea (SW11), I think they are about 8-10% below peak.

    What's the comparison to when you bought?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    IveSeenTheLight wrote: »
    What's the comparison to when you bought?

    Oh I bought ages ago, 1991 (2) and 1999 (2) so they have gone up quite a bit, they are worth over 4 times what I paid for them.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    where i am, north london, prices are well up on 2007. pain in the bum really as I want to buy a bigger house and they are more expensive than ever.

    i see prices (in and around london) stagnating or rising minimally for the next 5 years or so. no drop. that is in actual prices ie a house which is now 300k will be 300k in 5 years (or 310k ish). what that is in real terms, who knows.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    chucknorris wrote: »
    Oh I bought ages ago, 1991 (2) and 1999 (2) so they have gone up quite a bit, they are worth over 4 times what I paid for them.

    Safe to say your nnot concerned about the 8-10% drop from peak then.

    How about rental income? How have they faired since you bought?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
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