2006-10-13 01:11:32 · 18 answers · asked by D 2 in Business & Finance ➔ Renting & Real Estate
Inevitably thay'll have to. This will come about when interest rates keep rising for a few months on the trot.
You have to bear in mind that they (interest rates) are particulaly low at the moment, back in the 80's you would have been paying approx 16% on your mortgage compared to around 6% now, so it stands to reason when the rates go up, house prices will stabilise.
2006-10-13 01:16:12 · answer #1 · answered by mpr7274 2 · 0⤊ 0⤋
I think the house prize will not go down, because there is a lot of competition and Contractors and real states are making luxurious houses, they are providing every think which you are expecting. So if you are getting all things at one place then definitely you will spend. And this desire makes the house prices high and high.
2006-10-13 01:16:39 · answer #2 · answered by yogesh m 1 · 0⤊ 0⤋
prices are not only slowing down, they are actually falling in most "bubble markets", places that saw a drastic run up in prices over the last five years. In other places, prices are mostly flat
2006-10-13 06:39:22 · answer #3 · answered by Stanley 3 · 0⤊ 0⤋
I hope not! Although our mortgage has gone up £87 in the last 6 months and generally when mortgages start going up - property prices slow down.
2006-10-13 01:13:46 · answer #4 · answered by lisaandmax 2 · 1⤊ 0⤋
Yes - the prices will continue until nobody can afford the mortgage - even if they live till 120+. Then we shall have to rething the system and perhaps go continental - leave the property to the wealthy few and everybody rents.
2006-10-13 01:38:30 · answer #5 · answered by MIKE D 2 · 0⤊ 0⤋
They will have to before the bottom falls out of the market. Government need to act soon.
2006-10-13 01:15:32 · answer #6 · answered by heleneaustin 4 · 0⤊ 0⤋
Nope
2006-10-13 01:14:51 · answer #7 · answered by Andy C 3 · 0⤊ 0⤋
No, they won't slow down.
They will crash.
All the signs are there, trouble is it's difficult to predict exactly when. But very easy to predict the crash.
2006-10-13 01:21:41 · answer #8 · answered by Simon D 5 · 1⤊ 0⤋
In the mid west they already have! Its a buyers market now not a sellers.
2006-10-13 01:21:16 · answer #9 · answered by Lady X 5 · 1⤊ 0⤋
Nope. Made £100k profit off my last house so bring it on!
2006-10-13 01:18:03 · answer #10 · answered by Brave_Sir_Robin 2 · 0⤊ 0⤋