After all the intrest rate rises we have had , and the drop in house prices across the water in the u.s. The northern rock incident, and several programs on the t.v.re mortgage scams/misselling . do you think that the uk property market will level out ? drop? or rise at a more modest rate ?

Ther Uk market is so varied and geographically and socially spread that theres no real answer to that.

We can go by the lessons of history which tell us that Englandshire & south east took a real pasting on valuations whereas the north and scotland prices were more stable throughout.

Good news is if the market falls then theres loads f opportunities for us all to get onto the BTL market and rent a few out.

So one mans fall/disaster is anothers opportunity.. Isnt that exactly what capitalism and profit are about?

If the States is anything to go by, there could be a price correction in the UK, especially as city bonuses aren't going to be as high as last year- just speculation and will depend on the area.

Wouldn't be surprised if interest rates come down a little too. Watch this space!

Financial Freedom Gurus

Feeling is they want us to sweat over xmas & new year, keep a tag on xmas spending, then lower rates in Feb when noone really cares!!!

But hey will have a longer dole queue if they shackle xmas spending too much when many businesses have their best period.

Like your positive outlook!

i think that prices will definatly drop after the christmas period, it turns out barclays have got their fingers burned in the us market, borrowing is going to become tighter across the board and how many other uk banks have bit off more than they can chew? still every cloud has a silver lining maybe there will be more reposesions on the market ?

London property price still going up. But growing rate slow down compare to last year.

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London Property

there is a forum opened about this

however I am going to repeat myself

my personal opinion is that we are far from property market crash. Reason is that the one which happened before was not expected and this one is so highly expected that when it happens there are going to sellers who need to sell but very few and others as they have learnt from property crash will keep hold of the property.

Does it make sense for anybody?

Therefore demand for the properties is expected to be high (cause all of the investors are expecting crash) but the offers on the market will be low, which will occassionally again push the prices up.

My PERSONAL OPINION

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Hi,
As we have seen in the last few days the uk market has dropped slightly compared to the last few years.Even though house prices have dropped for the last few months overall prices have risen (over the year).
I think we will see a very slow and level rise in property prices in the next four or five years,however I think repossesions will be at an all time high as they have started rearing their ugly heads recently.
Maybe just maybe people who cannot afford to buy at this moment may be able to in a few years.

Give me a specific area and you can have a more specific answer!
I post house price trends on Square Foot magazine's website which you might find helpful.
Maybe this week's interest rate drop will enable us all to have a more enjoyable seasonal break! (Unless, that is, like me you're currently re-mortgaging and finding lender's fees daylight robbery.)
Regards
Michele Andrew