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Debate House Prices


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Buy now or wait?

13»

Comments

  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Alphamare wrote: »
    Are prices going up?

    They sure are. The Northeast is still a bit flat, but they will catch up soon.
    Alphamare wrote: »
    Will they come down?

    There may be another correction sometime. Probably mid to late 2020's. I wouldn't worry about it.
    Alphamare wrote: »
    Would you (If in a position to buy) buy now? Wait? How long?

    Buy now.
    Don't blame me, I voted Remain.
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    As soon as you have money buy!!!
  • butterfly72
    butterfly72 Posts: 1,222 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Car Insurance Carver!
    lisyloo wrote: »
    I would buy now and try to lock in a low interest rate.


    This is what are looking to do. I heard there are some 10 year fixes out there but I haven't investigated them yet so I don't know if they are good value. I feel after years of renting now is the time to buy.
    £2019 in 2019 #44 - 864.06/2019
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Alphamare wrote: »
    Are prices going up? Will they come down? Would you (If in a position to buy) buy now? Wait? How long?

    I know no one has a crystal ball I was just wondering what your opinions are?

    Thank you

    To consider your questions, you really need to have a strong LOCAL knowledge of the market.

    Generally however, it is best to buy at the earliest opportunity as generally, prices increase over time and will recover from any price correction.

    Again referring to locally, some areas still have some way to recover from 2007 peak, however others never dropped, they just plateaued and are now higher than the 2007 "average" peak.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
This discussion has been closed.
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