Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Homebuyers Optimistic About Rising Home Prices In 2006

Recommended Posts

http://www.whatmortgageonline.co.uk/news1/...p?unqueid=16064

Buyers confident about property market
Homebuyers are putting their confidence in the UK housing market this year, with almost 80 per cent expecting average UK house prices to rise over 2006, according to a new survey.
The survey carried out by Homebuyer Show, shows that there has been a distinct change in expectation from last year when only a quarter expected the market to grow, while almost half thought 2005 would see a decline in property prices.
This optimism reflects the predictions by Nationwide Building Society and Halifax, which are also expecting moderate growth in house prices this year.
Almost two thirds of those questioned state that they were planning on buying a property in the next 12 months, with half of these planning on buying an investment or buy-to-let property.
Homeowners remain cautious about rising house prices, logging it as their third biggest worry after a lack of affordable housing and a change in interest rates.
Nick Clark, manager of the Homebuyer Show, comments: “The UK housing market seemed to really struggle throughout 2005, with prices and activity down. However, with the realization that a house price crash was highly unlikely, the market has begun to show signs of positive growth and both buyers and sellers are returning to the marketplace.
“Speculation of a reduction in interest rates should see a further boost in activity which should cause house price inflation over the whole of the UK.”
The Homebuyer Show will be held at the ExCel Centre in London’s Docklands between Friday 17 and Sunday 19 March.

Questions:

1. Why would a buyer be optimistic if prices are going up?

2. Why would homeowners be cautious over rising prices and why would they worry about affordable housing if they are already a homeowner?

3. Who did they survey--EAs?

4. Is the the most laughable article yet to be posted on HPC?

Edited by Realistbear

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.