House price upturn date revealed!

**NickFitz** · 1 February 2009, 03:44

If the Telegraph showed the slightest degree of competence in constructing an operable web site I might regard preposterous non-news puff like that with a slightly higher degree of respect.

Nah, I'm lying. I'd never have any respect for that kind of unstory. They're talking crap again. It amazes me that they seem to keep getting away with it.

Still, their business plan seems to be predicated on the idea that if you keep telling people what they want to hear, you won't have to bother with journalism anymore

**tim123** · 1 February 2009, 10:22

This would be the same property experts whos prediction, as late as end 2007, for 2008 was that it would be flat!

I think I'd rather trust to a dice throw than them.

tim

**Troll** · 1 February 2009, 11:47

Count six years from 2008 as a indicator to even start considering getting back into the market.

An awful lot more pain to go through yet - especially as the job losses are only just getting going

HTH

**BrilloPad** · 1 February 2009, 12:03

So the telegraph are being hit by loss of advertising and are talking up the market.

I reckon we will reach bottom in Aug 2010 : then 3 flat years until Aug 2013.

**BrilloPad** · 1 February 2009, 12:05

"For many, dream homes are already becoming affordable, especially in London and the Home Counties which have been hit hard by the effect of the financial crisis on City workers.

For £500,000 buyers can now get a three-bedroom flat in Chelsea or a mews house in Battersea, while £800,000 buys a medium-sized house in Fulham. For £1.75 million they can buy an enormous house in Hampstead."

So £1.75m is affordable? Do they think we are all DimPrawn or Threaded?

Still lots of bankers loosing their jobs : why buy a depreciating asset?

**thunderlizard** · 1 February 2009, 13:18

Trevor Abrahamson, of Glentree Estates, said: "They don't ring a bell at the bottom of the market but if they did it would be ringing now"

I bet the average estate agent spends more time getting quotes in the papers than selling houses these days.

**Doggy Styles** · 1 February 2009, 17:50

Well, after I've steamed in on 16 September 2009 and made a killing, don't say I didn't warn you.

House price upturn date revealed!