How Much Will Prices Fall ?

abaxas

We shouldn't generalise about this.

Some properties will not fall.
Others with fall to 0 value.

People need to remember that in terms of a 'bust/crash', properties with intrinsic value will drop the least. People need to note that any form of 'character' or requirement above basic needs will be hit hardest in terms of actual £ drops. While flats will drop the largest in terms of %ages.

IE when things get bad people buy what they need not what they want.

silvercar

People need to note that any form of 'character' or requirement above basic needs will be hit hardest in terms of actual £ drops

I think the opposite is true, houses with character or some otheradded value tend to sell quicker and sellers don't have to drop their prices so much. In times of high supply/ lower demand, the run of the mill properties will stay on the market and desparate sellers forced to drop prices.

neas

pickles110564 wrote: »

Still at it troll?
You need to stop beating yourself up, just because you are such a failure.
Remember just because you were bullied at school you dont need to be so bitter and twisted, my offer of a hug is still open for you to take up.

Man i thought i was nasty sometimes in posting...

carolt

pickles110564 wrote: »

Still at it troll?
You need to stop beating yourself up, just because you are such a failure.
Remember just because you were bullied at school you dont need to be so bitter and twisted, my offer of a hug is still open for you to take up.

How do you know he was bullied at school?

Did you bully him?

And what's that in your hand as you offer him a 'hug'? It's a knuckle-duster, isn't it?

We can see through you, you know....

MissMoneypenny

pickles110564 wrote: »

Still at it troll?
You need to stop beating yourself up, just because you are such a failure.
Remember just because you were bullied at school you dont need to be so bitter and twisted, my offer of a hug is still open for you to take up.

What a strange things to say. Speaks volumes.

Sisyphus

A lot of lovin' in this thread

mystic_trev

I said a few months ago that we really needed to see what would happen in Spring, and if they'd be a bounce, well there hasn't, so the futures looking pretty gloomy. Both Nationwide and Halifax will go negative YOY in the next couple of months and this will obviously hit home to all Property owners!

I don't know how many of you here owned Property prior to the last crash? Few I suspect - but it certainly wasn't a pleasant time, particulary if you were in 'negative equity' I wasn't (moved to second home in 1987) but it still wasn't nice having high Interest rates. It's different this time. High Inerest rates have now been replaced by the 'Credit Crunch' and 'Sub Prime' with mortgages being rationed!

I wouldn't be surprised to see average prices drop by 20% to 30% in the next three year,but add on Inflation and those figures will be much higher. One of the worst thing about the last crash was 'negative sentiment' People who'd thought prices only went up had learnt a harsh lesson and weren't prepared to rush out and buy even onve they'd bottomed, so i'd forget any real House price inflation for the next 5 to 10 years. When I bought my first Investment Property in 1996, many though I was nuts, just having come out of a slump,that Property is now worth four times what I paid for it...............soon to be less than three times! :eek: :rotfl:

Pez2

Real or nominal?

Benefits_Blagger

GavP wrote: »

Real or nominal?

cant remember which is which, but the one were you dont count inflation as thats easier for people to imagine and estimate.

payingfornowt

I reckon prices will probably fall about 98.7% and we will buy houses from vending machines. Or not.....