are you planning to buy or sell?
2007-01-02 09:27:37 · 12 answers · asked by charlie 2 in Business & Finance ➔ Personal Finance
Yeah, wages will go down, the cost of utilities will go up, council tax will continue to rise at three times inflation, interest rates will go up, unemployment is set to rise, more employers will move their work abroad, personal debt will be at a new record high and amid all this house prices will triple over what they are at now!
Who will be buying?..........You tell me!
The property market will rise and fall, boom and bust, as long as there are people trading houses to try and make money rather than trying to make a HOME! Those that loose money on the downs, loose it to those that make it on the up's; playing this game is no more than a gamble; and if you 'loose your shirt' by it, you only have yourself to blame!
Estate agents and those others 'talking the market up' try to have you believe that prices will NEVER fall.......but as ALL investments; what goes up...............
2007-01-02 09:47:38 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I'm planning neither. There is absolutely no way you will see another boom this year. You may see prices stay about the same. They may drop a little, they may drop a lot. Nobody can reliably predict the short term zigs and zags of any market. But a boom is out of the question. I'm a real estate appraiser and I'm waiting until at least the end of this year before I start looking to buy a place.
2007-01-02 11:08:06 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
Ofcourse it will! Maybe not at the same rate as the past few years. As a given, property tends to increase in value every 7 years by at least 1.5. If your looking to invest, nows the time, better late than never. The government does have protection against shortfalls.
2007-01-02 20:39:33 · answer #3 · answered by Rico 4 · 0⤊ 0⤋
No, just like the boom went on for a number of year so will the cooled market.
2007-01-02 09:34:52 · answer #4 · answered by BritLdy 5 · 0⤊ 0⤋
No, i dont think it will boom but i think it will continue its steady rise. Reason: Lack of housing, steady and increasing demand and not enough propositions by the government to increase the number of houses to be built. Continued immigration (which will prob increase further as two more countries join the EU) will continue to push the house price trend up.
2007-01-03 09:14:34 · answer #5 · answered by Sandip S 1 · 0⤊ 0⤋
no - property will remain flat or continue the downward turn in order to cleanse the market of the over abundance of speculators. it should finish this self correct in 2009. plan to hold what we have, no buying or selling for now.
2007-01-02 09:31:22 · answer #6 · answered by SmartAleck 5 · 0⤊ 0⤋
In Mai property prices will fall by 10%.
Then there will be another sudden drop by 20% in July/August.
2007-01-02 09:43:30 · answer #7 · answered by superoverdrive 2 · 0⤊ 0⤋
Guessing what it is comming is very hard. Tha best thing to do is to have a plan to be prepare no matter where the economy goes. Long term investment and diversification may help you.
2007-01-02 09:32:42 · answer #8 · answered by Leonardo 1 · 0⤊ 0⤋
I'm plannign to do neither, but yes, the property market will boom once again. it does every year!
2007-01-02 09:34:50 · answer #9 · answered by Anonymous · 0⤊ 0⤋
apparantly so well in my area anyway was hoping to get on the property ladder this year but thats right out of the window now,
2007-01-02 09:31:49 · answer #10 · answered by becca b 3 · 0⤊ 0⤋