55% of homeowners believe in miracles....

macaque_2

..... or don't read the news.

While 55% of homeowners in Britain still expect an increase in property prices over the first half of 2012

and 'other people's properties' are less valuable than their own.

Homeowners surveyed continue to believe that their own properties will fare better than the average and expect the value of their own property to rise by 2.8% on average over the next six months compared to 2.2% for other homes in their local area.

Meanwhile, only 24% of homeowners expect the value of their own property to fall over the coming six months whilst 29% expect house prices in their area to fall.

http://www.bestadvice.net/story.php?id=22417

ruggedtoast

I bought my place 6 months ago and I reckon I could get 98.5% of what I paid for it if I sold. I suspect it will keep 'losing' money for the foreseeable future

However in that time:

• I have not had to go on rightmove once house-hunting
• I haven't had to speak to one single landlord or letting agent
• I haven't had to worry about renewing a 6 month AST or look for a new rental
• I have paid off a little bit of the mortgage.
• I have mostly stopped caring about house prices
• I have drilled some holes in the walls and put up shelves and pictures as I have wanted to without having to ask for permission
• I can look for pets for my kid and not be constrained by what we are 'allowed' to have in our own home

So I consider that to be money well spent.

RUN_RABBIT_RUN

unless you're selling to a cash buyer, the only opinion that matters is that of the rics surveyor that their bank sends round

still, expect the unexpected for the first half of 2012 i reckon

macaque_2

ruggedtoast wrote: »

So I consider that to be money well spent.

You bought for the right reasons. Houses should be for living in, not for speculation. If people bought cars for speculative reasons there would be no happy car owners and no car industry.

MrRee_2

Houses in the South WILL increase in value in 2012.

AND

My house is worth CONSIDERABLY more than all of yours!

CRASH_BANG_WALLOP

MrRee wrote: »

Houses in the South WILL increase in value in 2012.

AND

My house is worth CONSIDERABLY more than all of yours!

you live with mummy and daddy

MrRee_2

At 73 I would suggest not!

Aberdeenangarse

poppyriley wrote: »

You Live In Your Dead Mammy And Daddy`s House.

I thought he said he lived with his brother Bruno ?

Sibley

All the bears would give anything to own a house.

It's a nice warm feeling for sure.

CRASH_BANG_WALLOP

Sibley wrote: »

All the bears would give anything to own a house.

It's a nice warm feeling for sure.

you disgusting person. im bearish and own a house so that blows your silly thinking clean out of the water

CRASH_BANG_WALLOP

Sibley wrote: »

All the bears would give anything to own a house.

It's a nice warm feeling for sure.

Maidstone House prices are down by 7.5% yoy and back to 2004 territory.
Loose Valley Property prices - down 7.56% from peak

take that sucker :T