Comments on: House Price Forecast 2009 http://www.mortgageguideuk.co.uk/blog/uk-housing-market/house-price-forecast-2009/ Simplifying Finance, Housing and debt Wed, 10 Mar 2010 10:45:59 +0000 http://wordpress.org/?v=2.9 hourly 1 By: TGS http://www.mortgageguideuk.co.uk/blog/uk-housing-market/house-price-forecast-2009/comment-page-1/#comment-2068 TGS Tue, 24 Feb 2009 13:00:16 +0000 http://www.mortgageguideuk.co.uk/blog/?p=330#comment-2068 There's a very long wait for things to reflect 'normality' - my guestimation is probably 2011/12. Salaries & lending are totally out of kilter & until salaries & lending more accurately reflect the historical lending patterns & practices (pre-1995), prices will continue to flatten. Obvious disclaimer on all of this - there must be jobs for salaries to exist in the first place. There’s a very long wait for things to reflect ‘normality’ – my guestimation is probably 2011/12.

Salaries & lending are totally out of kilter & until salaries & lending more accurately reflect the historical lending patterns & practices (pre-1995), prices will continue to flatten.

Obvious disclaimer on all of this – there must be jobs for salaries to exist in the first place.

]]> By: Phil Woodford http://www.mortgageguideuk.co.uk/blog/uk-housing-market/house-price-forecast-2009/comment-page-1/#comment-1867 Phil Woodford Wed, 19 Nov 2008 08:01:30 +0000 http://www.mortgageguideuk.co.uk/blog/?p=330#comment-1867 Further to my comments a while ago, it's now clear that rental prices are in decline in London. Some media commentary is suggesting a 20% decrease. This is a natural response to increased supply caused by the inability of people to sell their properties. This is probably the only point in your original post where you seem to be a little off the mark. Further to my comments a while ago, it’s now clear that rental prices are in decline in London. Some media commentary is suggesting a 20% decrease. This is a natural response to increased supply caused by the inability of people to sell their properties. This is probably the only point in your original post where you seem to be a little off the mark.

]]> By: Phil Woodford http://www.mortgageguideuk.co.uk/blog/uk-housing-market/house-price-forecast-2009/comment-page-1/#comment-1770 Phil Woodford Tue, 07 Oct 2008 14:23:25 +0000 http://www.mortgageguideuk.co.uk/blog/?p=330#comment-1770 I would broadly agree with your predictions. I am, however, noticing a decline in rental prices in south-west London in the past two or three months. This reflects increased supply - people are unable to sell and are letting their properties instead. It is also difficult to justify ever-increasing rental prices in the face of fast-declining property values. My own rent has only increased by inflation. I would broadly agree with your predictions. I am, however, noticing a decline in rental prices in south-west London in the past two or three months. This reflects increased supply – people are unable to sell and are letting their properties instead. It is also difficult to justify ever-increasing rental prices in the face of fast-declining property values. My own rent has only increased by inflation.

]]> By: Housing Market » Blog Archive » Housing Forecast 2009 http://www.mortgageguideuk.co.uk/blog/uk-housing-market/house-price-forecast-2009/comment-page-1/#comment-1684 Housing Market » Blog Archive » Housing Forecast 2009 Fri, 05 Sep 2008 19:18:55 +0000 http://www.mortgageguideuk.co.uk/blog/?p=330#comment-1684 [...] House price forecast 2009 [...] [...] House price forecast 2009 [...]

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