Property market 'heading for a fall in 2008'

sheraz2

Not once has anybody mentioned supply & demand in this thread!

ukbondraider

dnwilliams wrote: »

The fall will come sooner than that. Properties are beginning to flood the market now that the gov have annnounced HIPS on 1st June. (Sellers looking to avoid the £500 cost) By the 2nd June we will see a complete flip from sellers to buyers market, compounded by rising interest rates and hey presto! falling prices. This has a very similar feel to 1988 when the market reacted to the removal of MIRAS and prices fell by as much as 35%.

How does £500 affect a sale of something that costs on average £200K?

It like someone trying to offload their £50K car because Autotrader have decided to up their £30 fee to £60.

I think this is an exageration my friend but if it is true then for some folks then they shouldnt have bought a house in the first place

mdb99jh

Yay! house price crash 2,548,822,657 has arrived! It's been a while since we had a good crash thread

Generali

sheraz2 wrote: »

Not once has anybody mentioned supply & demand in this thread!

I did twice.

AndrewSmith

So did I .

bella123

Sisyphus wrote: »

according to Edmund Conway, Economics Editor of the Torygraph.

http://www.telegraph.co.uk/news/main.jhtml;jsessionid=RCGTJ3DKWBG4HQFIQMFCFF4AVCBQYIV0?xml=/news/2007/04/02/nhomes02.xml






reported in today's Mail too. "House prices 'could plummet next year'"
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=446115&in_page_id=1770&ito=newsnow

get a life

dealornodeal_3

bella123 wrote: »

get a life

Well PPL wont if they end up homeless, and bankrupt will they?

Sisyphus

bella123 wrote: »

get a life

have I said something that upset you?

mixu

Neither of the 'experts' say crash, they talk about "a correction next year" and "tentative signs of cooling". Sounds more like a plateau to me...

Sisyphus

mixu wrote: »

Neither of the 'experts' say crash, they talk about "a correction next year" and "tentative signs of cooling". Sounds more like a plateau to me...

what constitues a correction after +200 to 300% in 10 years?

2% ? 5%?