House Price Crash Poll

tightgit_2

Lots of properties in my area for sale, many since before xmas. They just aren't selling. Not even sale agreed.

nearlyrich

odannyboy wrote:

there is no way in two years time I would get what I got for it two weeks ago!!!! I believe I cashed in at the right time.

How do you know this? or is it a gut feeling?
When you say cashed in where are you going to live, are you renting or buying another property?

FJSRiDER

MSE_Andrea wrote:

Poll Started 5 April. Will House Prices Crash? What will happen to UK house prices over the next year?

The time scale is not mentioned on the actual poll.

Over the next year? I suspect after the election prices may rise from their current levels a little in the next 12 months. After that it will depend on who won and what they do - far too unpredictable to tell currently.

I voted 'Increase 2-5%'

odannyboy

Its a gut feeling but I would be very surprised that if in two years it would be worth more. In answer to your question, I,m renting and the interest made from the house sale easily covers rent and bills. However in about 2 years when it comes to my partner and I wanting to buy It would be huge bonus if the prices fall to a large degree!!!!

nearlyrich

odannyboy wrote:

It would be huge bonus if the prices fall to a large degree!!!!

Hope it works out for you.:)

In spite of posting this earlier,

I can remember the last price crash when my £45K terrace dropped to £35K just as I was about to sell it:mad: but the same house would go for £150K now, just 12 years later.

I have been fairly lucky on the property market, I paid £8.5K for the property I was talking about and even after giving my ex a share of the equity I still did OK.

Current property is worth 3 times what we paid for it, and we are now mortgage free, so I'm not too concerned about a price crash from my own perspective. I also think that it is too expensive to get on the property ladder for young people, especially with Student loans etc hanging round their necks.

ecomatters

property doesn't usually move much just before an election. i think that interest rates will have more effect than who gets elected. where i live houses are moving but slowly. the market is briskest in flats, mainly divorcees. prices are relatively stable, not seeing much movement either way.

catkins

Where I live in Kent houses are not moving at all. Neighbour's bungalow has been on market 9 months and he has dropped the price by almost £20,000!!!!

I thinks if Labour get back in interest rates will definitely go up.

fitterastra

Everybody knows that prices have rocketed out of control but i feel it boils down to basic supply and demand. Lots of people want houses and theres not enough of them. I feel this is keeping the market boyent and i predict a small increase over the next few years of 1 - 2 %.

isasmurf

deemy2004 wrote:

Interest rates two years from now ?

5.75%............... :eek:

Deemy, Can you look in your Crystal Ball and tell me what Wednesday's Lotto numbers are. Thanks

FJSRiDER

catkins wrote:

Where I live in Kent houses are not moving at all. Neighbour's bungalow has been on market 9 months and he has dropped the price by almost £20,000!!!!

Saw a friend of mine today - he's a landlord and is in the process of selling some of his property currently - finished getting a house ready for sale on Thursday, local property pages in the paper Friday - offer accepted at the full asking price before he had a chance to see the advert in the paper!