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Where do you think house prices will be in 1 year?

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    Where do you think house prices will be in 1 year?

    For help with your answers, see also http://forums.contractoruk.com/gener...use+price+poll
    43
    +40%
    2.33%
    1
    +30%
    4.65%
    2
    +20%
    2.33%
    1
    +10%
    6.98%
    3
    0
    0.00%
    0
    -10%
    25.58%
    11
    -20%
    23.26%
    10
    -30%
    13.95%
    6
    >=-40%
    16.28%
    7
    I refuse to vote in this poll as there is no AndyW option
    4.65%
    2

    #2
    That poll was in Dec 2007. It's now March 2009 and we're about 17%.
    So my guess of 20% was an underestimate.
    30% in the 2 years from 2007 is about right.
    Hard Brexit now!
    #prayfornodeal

    Comment


      #3
      Shouldn't that be <=-40%
      Down with racism. Long live miscegenation!

      Comment


        #4
        Originally posted by NotAllThere View Post
        Shouldn't that be <=-40%
        Strictly speaking, yes.

        Comment


          #5
          Estate agents windows?
          Still Invoicing

          Comment


            #6
            Can't remember the show on TV last night, think it was the news.

            "Houses were losing £100.00 per day"

            Soon I'll be able to buy something for cash
            Fiscal nomad it's legal.

            Comment


              #7
              I still think they will drop, but not enough that would put me off buying at the moment, probably summer.

              I have made quite a bit by moving to renting in summer 2007.

              The gf convinced me to put a 495k bid in on a house in Dec 2007, we missed out by 200 quid, the sale fell through and the house eventually sold in Dec 2008 for 416k. That really was dodging a bullet.

              Comment


                #8
                I am still going for 50% drop from Aug 2007 until Aug 2010.

                Comment


                  #9
                  Originally posted by minestrone View Post
                  I still think they will drop, but not enough that would put me off buying at the moment, probably summer.

                  I have made quite a bit by moving to renting in summer 2007.

                  The gf convinced me to put a 495k bid in on a house in Dec 2007, we missed out by 200 quid, the sale fell through and the house eventually sold in Dec 2008 for 416k. That really was dodging a bullet.
                  If anything like the last crash (and I think this is a worse one) prices won't regain their peak value for years. IMHO you won't lose anything by sitting it out for a couple of years, if anything you will be hurt by getting back in too quick.

                  Comment


                    #10
                    Looking in the various forums and stuff they seem to be saying that land prices are dropping faster than plots with houses on them.

                    I think I'll start scattergunning sellers with ridiculously low offers next month - I mean 30 or 40% or even 50 % less than asking.

                    Maybe one will bite and I'll get my building plot now rather than having to wait a few years....maybe I won't....

                    Comment

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