foa4

Bang on the points of what is happening rather than the stale ecomomic theory Dr Bubb keeping hapring on about....the goal posts have been moved by the g'vt and I can't see these being chnaged post 2010 June election!

Yes it's called coming up from the bottom ....42k + is alot more than anyone could have expected !

The Land Registry simply record the sale price and now put this on the register. How do you this is open to manipulation ? It's an open book policy- you can now download any registered land and this will tell you (post 2003) what price was paid for the land. Just sounds like sour grapes to me. I was scoffed at when I said in March that prices would stabilise and possibly increase upto November before falling back up to March 2010. I decided to buy in March (absolute bottom of market) and got 10% off the March Price due to all the scare mongering going on! It seems that there are alot of bears out there who have no intention of buying no matter what and just scoff and moan like old women...... Roll on 2010 which will see a vast change in fortune in this wonderful little over populated Island's ecomonic fortune..GDP will rocket up and there will be new oppurtunities for new skilled jobs! 9 in 10 people still have jobs and those 1 in 10 who want to work will find opputunity next year !

point is you'll never own!

When a person dies he will be 1. Testate - assets left under will. Easy estate is adminstered to those persons 2. Intestate - wife and kids get first and then line of people get it. If there is no living descendants -then it goes all to the Crown and to the tax coffers !

fan or not...it would appear that Mr Brown has manipulated the ecomomy so that a boom would follow on a lot quicker and at an accelerated rate following bust. House prices have been inflated until the recovery. However, like the Tories in 97 paving the way for the biggest boom in history- his days are numbered. Worry is that Cameron is clueless! I hate career politicans... You should only be allowed to become an MP after 10 years of relevant "real life" work experience whether it be a barrister or a street cleaner. Brown, Cameron, Osbourne have been in Uni to politics....!

The Law has changed recently following one of London's councils losing a £1M+ house to a squatter who acquired title to the property by adverse possesion. The law depends if the property is registered at the Land Registy or the title remains unregistered i.e proved by deed. Most (residential) land is now registered. If the Property is registered at the Land Registy it is almost impossible to acquire the title through adverse possesion as the Land Registy is now required to serve notice on the freeholder to see if they object to the "squatter" acquiring their land!! If the title is unregistered then the old rules apply in that the title will be transferred to the squatter after 12 years of unhindered and exclusive use of the property. In other words - it will almost be impossible now to acquire title to a house this way!

there is a shortage of quality family home- 3/4/5 bedroom but an oversupply of appartments in city centres. Yes there are loads of empty properties around the country but these are going to take tens if not hundreds of thousands to bring up to standard...no tax payers money as banks have it !

houses for homes and not investments?

there will be a constant cycle of boom and bust...the price at the peak of the boom being reduced but no significantly so before the next boom.....we're a small island with to many people and a government not to concerned about the housing shortage... you work it out!

I wouldn't go that far We'll probably see some +ves and -ves over the 24 months but prices will be quite stable for the next few years. But NO HOUSE PRICE CRASH

You've got it bang on !! Someone who talks sense for once!! Peak to max drop- max 17% inc flats...10% for house

..and gazzumping is back

what's going on? Isn't this the period where there should be the biggest HPC? all we're getting is bounce bounce..(no dead cat in sight 8 lives left)....before the boom boom

Dead cat bounce- simply doesn't apply to the UK housing market... Anyway further 8 lives left!

No We haven't had a sufficent recovery yet. I would expect it to be steadily round the 5000 mark at the end of the year though

Think you have hit the nail on the head as to why there will be NO CRASH... the powers that be will simply not allow this to happen whether Labour or the Tories are in power. Like it or no we are at the dawn of the next spending spree to revive the economy ...boom for another 6 years from 2010. This also means that there will be NO significant PRICE INCREASES in the next five years either. The housing market will remain stagnant (5-10% increase in 5 years). Prices at the end of the year will probably be 7% below the peak with the promised recovery on the way. I however bet the Government didn't expect the resilance of the housing market....so what is that 10 % decrease from Peak to July 09 ? What really makes me laugh is these Amercian ecomomic doom mongerers applying their economic theories to our housing market....and those clinging to these as to a house price fall of 40% ...really ???.THEY HAVE NO IDEA how perculiar our little Island is with excess demand and a short supply of housing and our obessive attitude to home ownership. By the time we're watching England tormenting us in the World cup next year... we'll all be drinking to the good times hopefully with this nasty world recession behind us !

lol - I wasn't asking for specifics!!! But i general I would expect 0 increase on your house should you have purchased in 2005 as of today. So if the interest you got paid exceeded your montly rent you may have made the right decission. But how about the element of homeownership ? You would have been 4 years in on say a 20 year mortgage and in 16 years you would have owned outright- that's my thinking !!- THAT YOU DON'T HAVE BUT YOUR LANDLORD HAS !

How much rent have you paid in 4 years and what interest are you earning ? Price increases from 2005 to the peak less 12-14 % - Is this figure more or less than the rent paid ? If you have job security you may regret not buying before the end of the year

p Yes if we were entering quarters 2 or 3 of the recession- where on the way up so the dip has been filled in by the governments !

Unbelievable !

Sorry -meant March time ! Biggest boom has been a direct result of China producing cheap goods for the past 15 years. This hasn't changed and the bust will happen but this has and will continue to be tightly controlled by the governments in all major ecomnomies which will make the next boom flatter. If there was no gov't intervention - then there would be a 40-50% HPC- but do you think any Gov't would allow this ? There lies your answer so plan long term for your own future.

Yeah - bring it down to your level when you don't like what your're hearing and it makes sense. Idiot !

Look at my previous posts at the turn of the year with all the doom and gloom about. I did say that June -Sept we would see prices stabilising and perhaps rising slightly - I was mocked and called mad ! Not been hiding anywhere- just always think of the long term when thinking of buying a property.

Most people will take the pragmatic view that 14k rent down the drain in 2 years is worth paying 2 years of your mortgage and leaving a property for your kids in 25 years! Perhaps if you had taken this view 5 years ago how much would have your empty rent helped to pay for your own home? So no rush to buy and hold your breath in the hope that prices will crash by another 10-15% isn't what vast majority of people will do so long as they can financially plan months ahead !