YOU NEED to make up your own mind...

BUT I point out:
+ There is plenty of evidence the market is sliding, and the cycle has turned down,
+ It is cheaper to rent, why not work out how much extra it will cost you to buy, and consider whether it is worth paying that when you also have to bear the risk of price falls,
+ Also, make comparisons between the price of the property you are buying and newbuild prices, as below.

If you property is secondhand, aim to get AT LEAST a 30% discount to these prices, unless you are buying something really exceptional:

Price per square foot: comparison between new-build in:

Central London...... (£500),
Docklands ............ (£375),
Central Manchester (£310),
Birmingham........... (£305),
Liverpool............... (£265) per square foot

@: http://www.housepricecrash.co.uk/forum/ind...showtopic=11573

= =

And here's some great advice from MescalineMonkey:

Make sure you are buying for the right reasons:

- you really like the house
- it is unique and they don't come up for sale every other day
- you can see yourself living there for several years
- you don't mind losing money on it because you will love living there
- you aren't buying because you are worried about 'missing the boat'
- you aren't buying because Krusty says renting is dead money
- you aren't buying with an I/O mortgage and no vehicle for capital repayment
- you aren't buying a shoe box with the plan to trade up in 2 years

@: http://www.housepricecrash.co.uk/forum/ind...showtopic=12260