House prices.. seem to be coming down slightly at the moment. I was thinking of buying, but will they continue to drop further ??

Is now a good time to buy


Any estate agents here......

I reckon they might just come down again, but probably not for another 1 - 2 years. Prices always drop heading towards Christmas anyway.

It'll be when interest rates finally start going back up that they may take some bigger hits, but that might not be for another 5 years......who knows.

I doubt very much they will 1/2 in value as many told us a couple of years back. All depends on how desperate you are to buy. If it's for long term investment to rent, then I don't see much problem, but if it's to sell to make a gain in a few years I'd be very cautious.

If it's to live in & you find your dream home, just buy it

Houses near me are apparently going up in value - Chorley (yea right!) However its due to the fact that the area is one big building site and the new houses are more expensive than the back to back terrace with outside toilet we northerners usually live in. These are in fact worth less (yes there should be a gap between worth and less).

So be careful of statistics, be especially careful if any of the information comes from estate agents  Geoff

Not to live in, but as an investment for when I retire in roughly 15 years. Hopefully then it will return a nice lump sum, or a regular monthly income to top up my pension

supershuttle wrote:

Houses near me are apparently going up in value - Chorley (yea right!) However its due to the fact that the area is one big building site and the new houses are more expensive than the back to back terrace with outside toilet we northerners usually live in. These are in fact worth less (yes there should be a gap between worth and less).

So be careful of statistics, be especially careful if any of the information comes from estate agents

Not wrong there with Buckshaw prices

Been looking at the market as well , looking to maybe buy another two flats , plus i have been on the auction houses site , two minds whether to buy and do up or buy straight from estate agents

House prices cannot drop when there is such a massive shortage and with first time buyers now opting for rentals the mid market cannot do anything but increase IMO general feeling seems to be in the market i have been told by 2 large and well known agents that an increase of 20% over the next 5 years is on the cards , ( of course if the Euro goes bump when 3 states default on there loans that they should never have been given ) that could cause issues. Far to many gone...

House prices will fall.

Regardless of supply issues, they can only go up if people can afford to buy them. Interest rates WILL go up over the next few years, more people will default on mortgages. There will very probably be another severe credit issue as well, which will put further strain on the banking system.

I think until house prices fall to where they have a sensible relationship to earnings once again, the risk is very much on the downside.

House prices which are vastly over their historic multiples of earnings, are only sustainable in the short term (bubble), over the past few years, they have only been underpinned by Bank Of Mum and Dad, etc.

That's my two pennies worth. And I was predicting the house price crash before the credit crunch (it wasn't difficult, there had been a headline story in the Economist arguing that property was overvalued globally and it would only take a crash in one major world economy to cause others to crash like dominoes). 2012 SDV8 Vogue SE

Lets not predict a house market crash before I've sold my house please chaps!!

If you have £215K in the bank you can have my place. May even offer you a slight discount. And of course a contribution to the forum!!

3 Bed, detatched cottage, large FFRR sized garage, parking for 5 cars. 

I am in the same boat as yourself Johnte. For me, though, it's to live in for quite some time (until SWMBO decides it is time to return home). I agree with Rolo, if you find your dream home, buy it.

It depends on which areas you are considering investing in. London is still increasing (slowly).

From past experience, if you can invest in the early stages of a new estate/village, you may be able to make a profit once the area has been developed. Paul

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http://www.politics.co.uk/opinion-formers/...20-by-2014

http://www.express.co.uk/posts/view/249854

http://www.robinsons-intl.com/blog/great-n...t-to-rise/ Far to many gone...

tboner001 wrote:

http://www.politics.co.uk/opinion-formers/...20-by-2014

http://www.express.co.uk/posts/view/249854

http://www.robinsons-intl.com/blog/great-n...t-to-rise/

Rental on lower end properties will be the normal while 1st time buyers build up there deposits. This has happened in many western countries over the last 20 years as per usual the UK is last on the bandwagon.


See Spain , Dubai , France all properties dropped like a brick now back up 15%. Far to many gone...