First Time Buyer

Spendless

I think this is cos local papers show lists of schools and how they did in SATS,GCSEs and A levels. So people house-hunting with kids or intention to have kids -are drawn to the catchment areas of the higher acheiving schools.

Loaded_Bachelor

"Also areas where there have been loads of housing put ut with lots of usold appartments (just means lots of competition). "

I think you'll find this is most areas. Add to this all of the properties that have been renovated as buy to lets and I have only one word for short term property price movements. SPLAT !!!!!!

I think that the types of properties that will be pummelled in price most are where the hypothetical rental income is totally out of sync with the mortgage cost of a 100% mortgage on that property combined with there not really being a volumous rental market for that kind of property.

In other words a small house or flat that is currently priced at £100K and can be let out for £600 per month is unlikely to go below £85K but a 4 bedroomed detached house that is currently priced at £270K more likely to attract only £1200 per month in rental despite the fact that it is priced 2.7 times higher than the £100K house and therefore in my opinion could drop to £200K which is a 25% fall rather than a 15% fall on the smaller property.

Add to this that it is far easier to let out a smaller property than a larger one and I can see a pretty big crash in the upper middle end of the market.

I don't see big falls at the lower end of the market because every Tom, !!!!!! & Harry wannnabe buy-to-leter has worked out the simple maths that you can let out a property for approx. 6% per annum of its purchase price and not come unstuck.

I would also have to conclude that 3 years ago rents were expensive in comparison to the underlying propert prices and now the opposite is true.


SPERRRRRRRRRRRLATTTTTTTTTTTTTTTT