2006-10-10 08:42:06 · 6 answers · asked by IloveMarmite 6 in Business & Finance ➔ Renting & Real Estate
Stable. But I don't care because I'm moving to Australia after selling a place for 210,000 and we bought for 80,000 7 years ago. That's London for you.
2006-10-10 08:51:46 · answer #1 · answered by Maxblax 2 · 0⤊ 0⤋
Hopefully neither. But housing inflation has been massive for the past five years and one is reminded of 1987 crash. There is one factor that wasn't there twenty years ago, and that is immigration. The recent influx may support prices in the lower end of the market, gradually feeding up the ladder.
If there is to be a massive movement though, its going to be down. I don't think 2007 will be the year though. Maybe 2008.
2006-10-10 15:53:40 · answer #2 · answered by 13caesars 4 · 0⤊ 0⤋
A large drop is on the cards but it might not be for a while. It depends how many people believe estate agents and TV shows in the coming years.
2006-10-10 18:17:29 · answer #3 · answered by LongJohns 7 · 0⤊ 0⤋
A rise in London and the surrounding areas
2006-10-11 08:19:28 · answer #4 · answered by Denny 3 · 0⤊ 0⤋
For smaller (1-2 bedroom) houses I cannot see that going to be drop in the near future.
2006-10-10 15:53:38 · answer #5 · answered by Lilu 3 · 0⤊ 1⤋
I suppose it depends on which part of the UK you are talking about. Everywhere is different. Depends on the local economy.
2006-10-10 15:50:01 · answer #6 · answered by Purple 3 · 1⤊ 0⤋