My hubbie and I are currently house hunting and if there is going to be a price crash then when do you think it will happen? We have been looking since september and are hoping to find something asap?


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LOL,Right now! House prices are deflating to a all time low right now. We seen a local home on the market that was forsale for $110,000 and closed for $58,000. Buy Buy Buy!

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Crash? No!

Fall in prices? Yes!

I reckon by the summer of 2008 uk property will hit a low. Then slowly, very slowly rise over the following years.

Unless the coward from Scotland b*ggers it up with another stupid idea like HIPS.

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hopefully soon. watch the news every sort of disaster makes a difference. me and my mrs i thinking of looking next summer but we don't hava choice. Interest rates may go up after christmas, because i should think they wouldn't want to raise them too much before to keep people spending.

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I sincerely hope so, i would love for house prices to come crashing down to something reasonable.

i don't think it will though......too many people in the country

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Affordability and accessibility for first time buyers will continue to worsen in 2007 but conversely there will be small rise for house prices in various area`s of the UK. In 2008 we there will only be modest rise for 2008 but house price growth will pick up again at the end of 2008.

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Fresh on the News 24 today. An opinion survey regarding house price 'optimism'. In most areas (except London) the optimism of the market has turned negative. However what is measurable is the actual prices are coming down.

People will say that the recent rises are based on simple economics, 'demand is greater than supply.' However simple economics also states, it is of no use wanting a home of some kind if we simply cannot afford the price. Until recently this simple economic limitation was blatantly ignored by the free and easy mortgages that could be gained. Sometimes mortgages of ten times the salary were offered.

I predict financial instruments will be re-instituted making mortgage income multiples more realistic. Therefore not so much money around, therefore people will only offer what they can afford. Consequently those who have to sell, will sell at a lower price. New selling patterns will be established, and the market will readjust.

My boyfriend and I are waiting it out for about year. We'll be keeping an eye on the market and anticipate a readjustment of about -20% in prices over that year. This gives us time to save up for a greater deposit (again another financial marker for easier borrowing).

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No...its just a slow down and readjustment period...interest rates will be reduced come the Spring and the market will start again upward...buy now while its quiet and uncertain...and make a cheeky offer....

There will be NO price crash:
1. There is already a shortage of homes running into millions
2. The planning laws will not allow Brown's housing figures to be achiveved
3. Who is going to build all the houses Brown has promised?where are all the contractors..we don't have enough to build for the Olympics as it is...
4. There are more single households than before buying houses/flats..increasing demand
5.Immigration figures continue to rise
6.Prices will continue to rise as there are on average 2 incomes per household applying for mortgages meaning they can afford more

As humans are strange... in that we like to buy when things are expensive and everyone else is buying.... it happens in the stock market as well..pple only buy when its up...

Buy asap and good luck....

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Personally, I dont think there will ever be a crash..but have noticed only a SLIGHT fall where prices are concerned.

Look around the areas that interest you, compare prices from one area to another..I'm not the best person to advice on the housing market..but I myself will be looking to sell my London home and move out of London altogether.

Good luck xx

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They will crash..and they are crashing..just last month they fell 0.9%.

There's a report from "experts" that they will bottom out in 2009.


http://www.express.co.uk/posts/view/54301/House-prices-to-rise-by-25-
http://www.thesun.co.uk/sol/homepage/news/money/article1476802.ece

My own view is that affordability is currently stretched and one or two people are going to have to downsize and review their expectations as the cost of living (and borrowing) increases. What we're seeing is a realisation of this fact in parts of the country where affordability has been a major issue.

Could someone please find a way of slowing down the property market in the Isle of Man. The prices are increasing every month and no sign of the market slowing down, yet everywhere else in the country are finding it really difficult to sell property and prices are falling every month.

I think it will bottom out by the end of this year to be honest.

Ask yourself this tho, how fast will it climb again? How many investors/firsttime buyers are holding back waiting for the tide to change? I predict an exiciting year ahead of us. Alot of happy people alot of sad.:cool:

Looking at the charts I would say the bottom will be around 2010 with another couple of years af stagnent prices taking us to 2014 before we start to see any year on year rises

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yes, sure UK house market is going to be in crisis by the next year. As you can see there is an effect of that has alredy been started for them. i advise you not to invest your money on houses as of now , wait and see what's going to happen . The prices were fallen over 5% as compared to that of previous year.