Comments on: UK House Prices Remain Overvalued

By: Brit Commercial

Brit Commercial — Wed, 30 Jun 2010 13:26:41 +0000

As first time buyers, we got our place on a fixed term 100% interest only. Yet me made sure we could pay this each month. As we fixed before the rates fell, we’ve been paying around 6% for the last 4 yrs. However, we’ve seen the value of our £200k house rise to around £230-240k – much better than renting. I just hope we can re-negotiate some better terms when it comes around next year, and fix them.

By: Jessica Williams

Jessica Williams — Sat, 19 Jun 2010 20:17:56 +0000

London properties are not overvalued if you compare the yield on a rental property with the yield on bank deposits or the FTSE 100. With mortgage rates at current levels, property is twice as affordable as it was in 2007 and will become even more affordable as lenders reduce margins on mortgages.

By: Cuts and the Housing Market | Finance Blog

Cuts and the Housing Market | Finance Blog — Thu, 17 Jun 2010 08:37:13 +0000

[...] Firstly, the rise in house prices has taken many by surprise it has been based on weak fundamentals with only a limited rise in demand. A knock to economic growth could push back overvalued house prices. [...]

By: FourEd

FourEd — Mon, 14 Jun 2010 11:01:48 +0000

I think many people were not expecting house prices to rise this quickly, although will inevitably make it harder for people to get on to the housing market in the first place.

By: judith

judith — Wed, 09 Jun 2010 10:49:30 +0000

My house dropped by 10k and its proving difficult to sell in the current market and to cover my initial outlay, it might be time to rent it out.