I keep reading in the news that there is about to be a property market crash ?
Friday, May 15th, 2009 at
2:21 am
I’m looking to buy a property small house/flat, but I keep reading in the news that there is about to be a severe slump in property prices next year. Should I buy now, or wait for the market to crash next year ? will there even be a crash ?
Sell House Quick
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Tagged with: Buy House • Market Crash • Slump
Filed under: property crash
i’ve heard that they are going to continue to rise but slowly. they’ve just brought interest rates down
wat uitgaat moet neer komen. er zijn reeds een ver*tragen in de markt met gebieden vorige maand ziend geen verhoging van waarde en andere plaatsen ziend waardendaling geweest.
of er het gaan een niet zekere neerstorting im zijn zijn maar ik denk weg greep voor een paar meer minstens maanden.
wait a further 12 months if you want to live in the south another 2 years if you want to live in the north it takes that long for prices to come up the country
As you know many factors will affect the UK housing market,from Spanish property prices to the US mortgage and loans problems,,,if it happens again as it did in the late 80s and early 90s than you`d best wait a while for a bargain at the auctions after the expected repossessions,the basic fact is that whatever you do in the long term you will profit,,,
I have been seeing a few sellers in the South East report of little or no interest in selling what appears to be in the first time buyer market. That, I suspect, is due to continued untennable prices and lenders narrowing the goal-posts for the amounts that they will lend. Plus the sub-prime mortgage market is suffering and putting a lot of potential buyers out of the picture. AS a result, offers are still being made but well below asking prices and , at the moment , simply not being considered. I suggest that you monitor the situation carefully and see what happens towards the spring. Something has to give here as house price inflation has stormed ahead of anything else. The recent dip in interest rates will have little effect I suspect as lending criteria have become more rigid. I suspect that house prices will cool but not crash. We need first time buyers to fuel the whole market and they are just not around. You can never be sure what will happen here but prices will definately take a dent.
it depends whether you are looking to buy as an investment, or home. if an investment, its about what you buy and when you buy and what price you buy.
if looking to buy a home, i suspect that you would keep the property for some substantial time, say 5 – 10 years, if that is the case, it doesnt matter when you buy because in the long term you will not lose money or go bust.
lets say you buy something in march for 80k. in 5 years you might make 10 to 20 percent
lets say you wait until next december and that 80k property has gone down to 75k. if you buy it december, you make 5k more, if you bought it in the march you will (theoretically) be 5k worse off in the december but then in the next 5 years, the difference wont be very much. you will only lose money, if you want to sell the property when its at its lowest cost.
While more migrants are coming in prices will not fall too sharply – if at all. However if we ever get a government who can get our own people into work and the migrants out – house prices will fall like very large stones. Personally I would wait until the next election – a lot could change in this country in the next two years.
House prices double every 7/8 year regardless of the peaks and troughs, all you have to concern your self with is, can I afford the mortgage now, if they slump next year they will still double during the 8 year period, if your hoping for a quick killing buy and sell for profit then timing is the key word.
Ik heb mijn bezit op de markt sinds Juli gehad.
Ik had het oorspronkelijk omhoog voor verkoop bij £350,000 maar ik niet had het
u kunt Detroit inkopen op dit ogenblik, reeds verpletterde het.