The UK Property Market - Warning!!

Browse back a few pages and you'll see lots of similar "warnings" dating back months and even years. Ho hum...
 
Uk

The difference between the Uk and the irish market the uk can keep the housing market in check as for the irish market there is no control over it at all!
 
UK

Did anyone see the "Tonight" programme on ITV1about the uk housing market ?

Some bloke had his apartment valued at £165,000 five or six months ago, and now it was valued at £150,000. He sold for the apartment for £150,000 as he rightly thought it was better to cut his losses. He's renting now instead of buying as he believes the prices are continuing to fall.

Even the presenter, Rosie Millard was trying to sell her house but couldn't find any takers.
 
Irish

This will never, never happen in the Irish market. Property will go up here not down and it will continue to go up forever.

Does not matter how much oil price go up it will not affect the market either.
 
why?

Sane, what makes you think that? A fall is not inevitable but neither can house prices continue to rise as they are now. Some correction will be necessary sooner or later.
 
> why?

I'd guess "sane" was being ironic, rather than being literal.

In other words he/she was having a dig at those with vested interests who continuously talk up the market.

However when the market collapses those same vested interest groups will say you shouldn't have been so silly for taking out a mortgage which is such a high multiple of your salary and being left in negative equity; didn't you know house prices go down as well as up!

After all, it really is a "market", and as with any market after such a sustained period of upturn it's not unreasonable to believe there will now be a sustained period of downturn.
 
Up up and away

Does no one find this constant speculation about a supposed Bubble boring ? It's been dragging on on this site for years.

When I first came across this site in 2000, there were doom mongers all over this site, and they've been proved wrong.

Buy if you can afford to. If you can't don't. Trying to time the market is a mugs game.
 
..

What amused me about that programme on ITV was that the guy sold his apartment and rented in the hope that the price of the house he wanted would fall further. Onthe other hand the presenter rented out her house inthe hope that its value would incresae to what she had hoped to sell it for.

They can't both be right, yet the programme conveyed a sense that they did the right thing. If the so-called experts are making such contradictory statements, what hope does Joe Public have in calling the market?
 
It's Also Happening in New Zealand

Is this the start of the IMF predicted worldwide property slide?
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RE

Does RTE produce any programmes re property cash?

If not why not?
 
Motley Fool UK - Buy-To-Let Doesn't Add Up

Market Comment Buy-To-Let Doesn't Add Up

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UK Market

The 'Property Ladder' on C4 yesterday was interesting.

The "developers" ended up losing £27,000 (if they accept a price equal to the three estate agents valuations).

Though the presenter of the programme said to them if someone offered the valuation (and they didn't accept), she hoped they wouldn't look back in a years time and wish they had taken it, as the house might be worth £20,000 less again!!

Apparently the presenter of the 'Property Ladder' programme has sold her house and is now renting. Shows you what direction she thinks the property market is heading!

BTW, she's a professional property developer.
 
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