UK Landlord Forum / Life

Well everyone seems to have a definate view of it .

Nationwide reckon that house prices will be up about 8% this year but that was predicted in may. I think thats abit to optimistic

and then housepricecrash say there will be a 35% drop till 2012 because the boom is over and every year there will be a gradual fall.

I think alot of pridictions are like this . Very one way or the other .

I dont think the market will be great for this year or 2008 ... but I really dont think they will be a great drop ....

I pridict a rise of around 3-5 % .... not wonderful ... but realistic .

But then again hah i dont know alot .

So who knows .

Whats your take on it  masterpropertymind ?

People on housepricecrash have been predicting a crash for as long as I can remember now. And if a crash does appear, they will be like, "I told you so"- even though they predicted a crash 2 years ago.

While employment is still high and interest rates are relatively low, I don't think there are any clear signs of a crash. I just think the market is cooling down, and prices are starting to stabilise a little.

As you said, property prices won't escalate at the same rate as it has been over the years, it will be more of a slow climb.

Here here, the only way is up - take a long term view and you will never lose on property!!

Quote from: hopson on November 05, 2007, 07:42:53 AM
Here here, the only way is up - take a long term view and you will never lose on property!!

Agreed.
You'll never lose in the longterm!

Quote from: propertyfag on November 05, 2007, 07:45:24 AM
You'll never lose in the longterm!

Even when you compare against the return you could've made from alternative investments?

Every investment has an opportunity cost.


V

Quote from: vwilson on November 05, 2007, 11:18:57 AM
Even when you compare against the return you could've made from alternative investments?

Every investment has an opportunity cost.

V

You could raise that argument with any investment. Point is that you persanally won't make a financial loss over the long period, with property (in my opinion)

Obviously you could make more money in other places, but that's always going to be the case.

Possibly, but I do think thats a slightly dangerous approach to take to any investment too.


V

Nationwide reckon that house prices will be up about 8% this year but that was predicted in may. I think thats abit to optimistic.