2006-09-11 02:11:40 · 22 answers · asked by Anonymous in Family & Relationships ➔ Family
Not a chance; the Fed put a stop to that market already.
2006-09-11 02:13:01 · answer #1 · answered by drumrb0y 5 · 0⤊ 0⤋
Not sure about doubling. I've been informed, however, that the Olympics being held in London in 2012 will have a dramatic, positive effect on house prices, not just in the capital but across other areas of the country too. So, in answer to your question, no, I don't think house prices will double in the next 5 years. But give it 6 years ...
2006-09-11 09:20:52 · answer #2 · answered by kpbunches 3 · 0⤊ 0⤋
I would imagine that the house prices are likely to fall in the next 5 years marginally, To give you some Idea about the House Prices, I bought my house in 2000 and the price of my house has almost double due to the housing boom of 2005, but I cannot see it ever doubling again for the foreseeable future.
2006-09-11 09:20:24 · answer #3 · answered by Steveh 3 · 0⤊ 0⤋
No chance of house prices doubling in 5 years. Look at about a 20%-30% increase.
2006-09-11 09:15:10 · answer #4 · answered by daisychain 3 · 0⤊ 0⤋
This is an impossible question to answer - house price rises depend on a multitude of factors - where the house is located is primary (what is planned to happen in the area over the next five years) plus outside factors linked to the local, regional, national, and international economic situation. I have "won" at this sort of level of gain several times in the last forty years. I use "quotes" round "won" because such rises in price mean nothing until you can sell and trade down.
There is one thing I believe strongly - get a house as a place to live, a home. This is real security. Try to keep a house in the area where you want to finish up - even if like me, you have to move far far from that place over many years for your work. I have friends who have houses where we are now who cannot afford to retire home to a house of the same quality because price differentials have become extreme internationally.
Once you have a house in which to live then in my opinion property as an investment is a sound medium and long term bet.
If you aren't on the housing ladder make it a priority to climb on.
2006-09-11 11:16:30 · answer #5 · answered by Roadrunner 2 · 0⤊ 0⤋
i am an estate agent and i reckon with the way the market is going at the moment that house prices will either decrease or stay the same at the end of the day we can't afford to keep spending so much on housing when we don't earn even half of what we barrow, i mean 1 girl i sold a house to the other day took a mortgage out 6 1/2 times here annual income!!!!! So in answer to your question.....NO!!!!
2006-09-11 10:58:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Personally I think that house prices will go up in price by between 3+5% per year for the next 2 or 3 years, then it will pretty much freeze. intrest rates will go up though substantioally i would imagine in the next 5 years
2006-09-11 09:17:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Not at all, the estate agents have told me the market is going the other way now...
My estate agents sister bought a house, had it valued before moving in (after buying ) and it had dropped. The poor girl was in negative equity before even moving in!!
2006-09-11 09:21:16 · answer #8 · answered by keiraebony 3 · 0⤊ 0⤋
why not they have the last 10 years
2006-09-11 09:17:36 · answer #9 · answered by break 5 · 0⤊ 0⤋
Double? No!
Increase a bit? Probably.
2006-09-11 09:13:24 · answer #10 · answered by le_coupe 4 · 0⤊ 0⤋
I certainly hope so.
I've just bought a house, so all i'm hoping is that the house price dont fall.
2006-09-11 09:16:46 · answer #11 · answered by Anonymous · 0⤊ 0⤋