UK PROPERTY MARKET BUST OR STALLED???

[Golfingworld]

House price growth to hit zero in 2008
Reuters
November 16 2007

House price growth to hit zero in 2008Â*-Â*Mortgages | UK mortgage | Compare mortgages | Mortgage guide - MSN Money UK

[deedee1]

Hi all,

As long as the market is NOT IN DECLINE and the bank of england lowers interest rates next year as promised then we should be able to ride out the storm next year??

After all weve had a mass growth for 10 years solid so it had to stall sooner or later??

And at least we know the issues were not brought on by our own economy or instability and that we are in this situation due to credit crunch knock on effects from the usa etc!!

Take care-D

[ady1231]

It has to be BUST! Prices have gone MAD, and Salaries are not keeping up,

Prices will crash100%, economy goes in cycles, these are facts

[deedee1]

Hi all,

Yes but we still have a huge supply and demand factor to consider in the uk as demand far outstrips supply hence the market should not crash too much surely???

Also our economy is still strong aswell!!

Take care-D

[ady1231]

Originally Posted by deedee1

Hi all,

Yes but we still have a huge supply and demand factor to consider in the uk as demand far outstrips supply hence the market should not crash too much surely???

Also our economy is still strong aswell!!

Take care-D

Hey dede;

Thats true our economy is good, alot of Jobs are being created, yes we do have a shortage in flats etc.., but this has always been the case, we had a shortage of 20k Units in the 1990s , and everybody knows what happened.

Prices have to come down, by at least 20%, they have gone up too much mate

[wesrae]

All very valid points,

My personal opinion is that as previously stated it is cyclic, I just don't think we have reached a peak in the cycle though. I think things will remain static for a while, then pick up again from 2010 up to the London Olympics in 2012. After that I think we will see a recession.

[jackdylan]

I have just purchased a great new investment that I am getting my IFA to put into a SIPP.

It is a hotel room with a guarenteed 12% in the first year, no hassle.
After that I get 50% of the revenue

I have just sold a buy to let and this looks a really good alternative.

Quest2invest are the selling agents

[Janoulaki]

Originally Posted by jackdylan

I have just purchased a great new investment that I am getting my IFA to put into a SIPP.

It is a hotel room with a guarenteed 12% in the first year, no hassle.
After that I get 50% of the revenue

I have just sold a buy to let and this looks a really good alternative.

Quest2invest are the selling agents

have a look at this what I have posted on this forum once

I worked in the hotels in London in West london and have seen hotels raising and falling and 50% of the revenue is 50% of the room revenue didacted by costs for running (all staff)

http://www.propertycommunity.com/forum/buyin...s-up-70-a.html

Good luck

[Janoulaki]

RE: UK Property market

it is questionable what will happen.

before somebody announce THE CRASH they should consider different factors

1, which part of UK do they talk about (ie North of UK is measured differently than South etc.,)
2, 2008 is 12 months and property market is dropping since August 2007 (however not in London)
3, lets all see once the bonuses in CITY are paid in March 2008 (if these won't be high then we are looking at slowdown)
4, If people will not be able to buy a house or afford to live in different parts of UK they will automatically migrate to capital. This will again bring a higher demand. Mind you that economy has got its cycles and these however apply to ideal (utopian) economy where volume and demand are in constant equilibrium.
5, because we are all aware of it (comparing to previous UK crash) we will not sell the properties but hold to them and only people who will not be able to pay mortgage or who are in need to sell will be pushed to sell for low price

It is really difficult to say and I am not saying that it will happen nor that it won't

[medseA]

we've seen friends make good profits with purchases... it's that the banks are not giving out mortgage like before