What Is The Housing Market Going To Do?

[Fidgits]

It seems everyone has different opinions on what the housing market is going to do...

Me personally, ive been expecting it to crash for 2 years, and starting to wonder if i've lost the gamble, and also considering trying to get on the ladder now, or just wait a bit longer...

Wondered what everyone elses thoughts were?

[~Rach~]

Hoping its not going to completely crash, but expecting it to flattern out and maybe fall a little. Found out last week my first mortgage has been approved so just waiting on the solicitors now

[alanbradley]

Up here it will keep rising, although at a slower rate then it has been for the pas 2.5 years.

The property market this far north is significantly more stable than in England in general and you're only going to loose money if you do something really silly - especially in Inverness.

Just my tuppence worth,

Alan

[Demonic Angel]

I hope it rises (being a house owner!)

I think it'll flatten

I'm praying it doesnt crash!

We've had our 3 bed semi since June 04 - cost us £111,000 then, and its now worth roughly £125,000, so we have £14,000 equity in 9 months

I dont mind if the market flattens out - it doesnt bother me at all - I'd like it to rise, being on the ladder already means I want as much equity in my house as possible! I cant see it crashing - I expect it would have done, had Gordon Brown not increased the level of stamp duty but now he has, first time buyers are going to find it easier to get on the ladder and the number of first time buyers will increase.

I dont see house prices falling as long as the market remains stable - although with interest rates rising and house prices rising, you can never be too sure what will happen......

[Moffmo]

well, our family think its growing, so we jumped the gun and we have purchased 2 houses (plus the one we live in) and we are looking for a 4th.

well my mum and dad are!

[Blue84]

I think it will flatten out over time :)

[cfc1]

The area i live in has been earmarked for a total facelift.. hotel, resteraunts etc down at what is going to be called a Marina, (work has allready started).

I bought my house in July last year.. was valued at 50,000 the one next door to ours has since been sold for 75,000.. so in my area i think it's going to improove a fair bit. People are also moving out of Edinburgh into the surrounding area's too, so that's also putting prices up where i live.

Hope it continues to grow, i'll be worth a fortune

[Matthew_McNally]

depends mate.

where about in the UK?

over what period?

the prices in the south cannot possibly continue rising, and must at least flatten off (and in fact have).

other areas are rising though (as people cannot afford to live down south, they move further away, causing greater demand for housing in other areas, and therefore higher prices).

Personally (and I expect to get in trouble for this), I would quite like a sorta-crash.

We have considerable equity in our house (6 figures), and I would quite like to sell up, with the plan being to use that equity to buy outright (if possible) a repossesion.

[Robie]

You did not put a time period so I would vote for all of them!

But I think it will fall within the next five years. If torys get in power then sooner and if Lib Dems get in power it will rise forever ;) :P (Could never keep politics out of economics)

[cfc1]

depends mate.

where about in the UK?

over what period?

the prices in the south cannot possibly continue rising, and must at least flatten off (and in fact have).

other areas are rising though (as people cannot afford to live down south, they move further away, causing greater demand for housing in other areas, and therefore higher prices).

Personally (and I expect to get in trouble for this), I would quite like a sorta-crash.

We have considerable equity in our house (6 figures), and I would quite like to sell up, with the plan being to use that equity to buy outright (if possible) a repossesion.

←

I am 25 miles from Edinburgh.. and it's getting too expensive to buy/rent there.. so people are moving out. this new developement is supposedly to be finnished by 2008.

If it attracts the expected numbers.. then my house price will rise due to both factors.. unless there is a massive crash

[dazwan]

I still reckon there'll be a crash! Even though I bought my first house 6 months ago I don't care whether it does or not.

IMO unless you plan on selling your house within the next couple of years there's nothing to worry about. It makes no difference to me whether my house is worth £100 or £100,000, I don't plan on selling or moving anytime soon, so at the end of the day it's just a pile of bricks and mortar that keeps the wind and the rain off me, it doesn't make it any more effective at doing it's job just because somebody thinks it's worth more now than it was 6 months ago.

[silvasurfa]

The area i live in has been earmarked for a total facelift.. hotel, resteraunts etc down at what is going to be called a Marina, (work has allready started).

same here, a uni and the fast link for london is starting here as well!

all these things make my area more appealing and i reckon it should rise a bit, generally though, the south will flattern out and is-

like others, i plan to stay here for a bit but the idea of a crash scares the bejesus out of me!!!

id be really happy for it to flatten out, not greedy, just wanna avoid the stress of a crash, so i vote, flattern out!!! NOW!!!

[Leeky]

Im waiting for a drop before i jump on the ladder, nothing worse than shelling out just to find it drops and im paying a mortgage which is bigger than the value of the house :(