2007-03-02 08:40:57 · 11 answers · asked by Steven P 1 in Cars & Transportation ➔ Car Makes ➔ Renault
If the Bank of England continue to raise the Interest rate, then house prices will certainly slow down as mortgages payments rise. I very much doubt that house prices will fall.
2007-03-02 08:54:57 · answer #1 · answered by Grantyboy 2 · 0⤊ 0⤋
Yes. It will probably be a 2/3 year blip, but if new buyers can't afford to get on the ladder, then at some point the market will come to a screeching stop until prices have adjusted down so that first time buyers CAN afford a house. Overall, however, demand for houses is greater than supply, and therefore prices (in the long term) will continue to rise.
2007-03-02 08:56:29 · answer #2 · answered by Ghostrider 3 · 0⤊ 0⤋
Didn't you watch Trevor McDonald at 8.00pm tonight?
No-one knows, they are giving it 18 months before the 'panel' meet again to see the outcome.
My personal opinion is that there isn't enough housing - there will always be a demand, so I can't see the market fall.
As for prices, well wages go up, so too does cost of living, and therefore so will the price of houses!
2007-03-02 08:52:38 · answer #3 · answered by ? 6 · 0⤊ 0⤋
I don't think the market is going to fall any more for now. I think it will be slow for a little longer but will pick up in the late spring and early summer.
2007-03-02 08:49:02 · answer #4 · answered by devilgal031948 4 · 0⤊ 0⤋
In the short term, I think it might. At the moment, nobody has any money and I think a mini recession is on the way. The "Feel Good" factor also has quite an effect. But this will only occur when we re-establish law and order in this country and that won't happen until we have a change in Government.
2007-03-02 09:07:11 · answer #5 · answered by brainyandy 6 · 0⤊ 0⤋
Look back in time the prices have always gone up in value. Unless we fall into depression because of this war.
2007-03-02 08:52:29 · answer #6 · answered by Steve 5 3 · 0⤊ 0⤋
all i can say is that it cannot go on like it has and i known it to fall in the past.
2007-03-02 08:46:31 · answer #7 · answered by sparky 4 · 0⤊ 0⤋
errrrrrrrrrrrrrrrrrrrr is it just me or whats the price of houses got to do with renault cars ?
2007-03-04 06:17:11 · answer #8 · answered by dick19532003 5 · 0⤊ 0⤋
Dip now and again. But go down? Never!
2007-03-02 08:46:01 · answer #9 · answered by R.E.M.E. 5 · 0⤊ 0⤋
Hang on, just let me get my crystal ball.....
2007-03-02 08:44:11 · answer #10 · answered by finch 5 · 1⤊ 0⤋