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Debate House Prices


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how many % do you think house prices will move in 2014

Happy new year to you all.
What do.you forecast will.happen to house prices in % terms across the uk this year.
«1

Comments

  • Frugalsod
    Frugalsod Posts: 2,966 Forumite
    Tenth Anniversary Combo Breaker
    London I expect double digit rises again, this time it will be the influx of money from France, Thailand and Turkey that pushes prices up. The rest of the country will be minimal changes with some going up and some falling but all within a few percent. It all depends on whether banks will lend.
    It's really easy to default to cynicism these days, since you are almost always certain to be right.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    London up 10% easily. Quite possibly 10% YoY by December 2014 for Haliwide too.

    There is nothing quite as hard to predict as the future.
  • I think 10% up over course of year
  • pbouk
    pbouk Posts: 251 Forumite
    London 10% and stagnant for the rest of the country, roughly the same as 2013.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'd be delighted if London property goes up 5-6% this year and I can easily see it happening.
    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
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    I agree that it will be double digit in London. In other hotspots e.g. in south east, I think high single digit. Most markets about 3%. Less desirable areas, such as those with persistently high unemployment I'd expect to stagnate or experience a small drop.

    There is no such thing as a homogeneous housing market so didn't want to make a single guess as I don't know what the aggregate will be.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • harpoboy
    harpoboy Posts: 164 Forumite
    London and city broker commuting hotspots in the South East (such as St Albans, Harpenden, Richmond, Guildford, etc) will all see 10% plus growth.

    Other parts of the UK should start to see the house price recovery filtering through - with house price growth outside the South East of 5-8%.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Its depressing looking at Rightmove for West London at the moment. I get that 2006 feeling, nothing is remotely affordable apart from studios with a big deposit. Supply has vanished I believe mainly to accidental landlords being bailed out by low interest rates. Lots of people are bragging at work how much their properties have gone up and they have done nothing to them. Due to affordability issues we must be near peak shortly.

    I can see mortgage rates going up next year with end to funding for lending and tapering. Just keep saving as I reckon we have to be close to tipping point now. Huge amounts of properties are being built or in pipeline.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • brit1234 wrote: »
    ....... Just keep saving as I reckon we have to be close to tipping point now. Huge amounts of properties are being built or in pipeline.

    Yup! Just keep saving. Just think of the cost of all that rent once you're 65. Everyone else who didn't go on "First Time Buyer Strike" and those who don't think that HTB is a "scam" will have bought and be thankful for it.

    You just wait for 'tipping point' - which will never come.

    Given that 2014 will still see derisory numbers of new houses, I reckon it's got to be another 10% in 2014.

    Don't worry. rents will go up to match.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    You just wait for 'tipping point' - which will never come.
    Like you guys were saying in 2007. The market will correct, i'm just ready when it does.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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