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2012 South East Housing Boom?
porridge
Posts: 94 Forumite
Contrary to the doom and gloom constantly spouted on here, are we set for another housing boom?.
Could the Olympics trigger another housing boom?, also interest rates look like they will be peaking pretty soon and with rates returning below 5% could we see house prices double from todays prices before 2012?
Could the Olympics trigger another housing boom?, also interest rates look like they will be peaking pretty soon and with rates returning below 5% could we see house prices double from todays prices before 2012?
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Comments
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In short. No.0
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yes yes we can!
Even though the price of houses are out of reach of the everyday worker like teachers, police, fire service etc prices will continue to rise as they have done....thats a fact
in other news - an Englishman won wimbledon..... a ginger bird won miss world and evryone in the middle east became bestest mates
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NO.
I live in and around the area and I cant see the olympics bringing anything but economic disaster to the impoversihed local authorities in its surrounds. Which in turn means the taxpayer.
If you think the olympics will in fact be ready for 2012 that is! Very optimistic I'd say
:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
yes yes we can!
Even though the price of houses are out of reach of the everyday worker like teachers, police, fire service etc prices will continue to rise as they have done....thats a fact
in other news - an Englishman won wimbledon..... a ginger bird won miss world and evryone in the middle east became bestest mates
Always makes me laugh when people say housing is out of reach of Police and teachers, have you seen what they earn? Just because house prices have risen, means families are able to help each other get on the property ladder.
Much to the dismay of those who have sold up hoping for a crash, I think the Olympics, the economy and a housing shortage means there is still a fair bit of upside before any crash.
not a time to sell to rent in my opinion.0 -
:rotfl: :rotfl: "Didn't I try to Warn them I said !"
David Essex War of the Worlds."Thats Ancient History, Been There! Done That!" Hercules0 -
Why do you think rates have peaked?"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
I agree, I think housing is still very affordable, there is a shortage of housing in the South East and you only need to look at this forum to see just why people prefer to own their homes as against renting.
So todays prices could well you look cheap by 20120 -
I agree, I think housing is still very affordable, there is a shortage of housing in the South East and you only need to look at this forum to see just why people prefer to own their homes as against renting.
So todays prices could well you look cheap by 2012
Using Times New Roman does not make your argument any more credible.0 -
dannyboycey wrote: »Using Times New Roman does not make your argument any more credible.
Does this give me more impact?
"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
>Much to the dismay of those who have sold up hoping for a crash, I think >the Olympics, the economy and a housing shortage means there is still a fair >bit of upside before any crash.
I completely agree, but would also add on the impact of the new Terminal 5 at Heathrow. If anyone lives near Heathrow, it is amazing to see the new building work going on in West London. New warehouses, office blocks, hotels and apartments. The whole area is being regenerated.
Whilst property may fall outside of the south east, I think London prices still have some catching up to do. Six months ago a 1 bedroom flat in Manchester was about the same price as my flat in West London. The price of my flat has increased by 30k since January, and there is nothing available to rent.0
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