stacy street
registered lazer
Maybe I'm stupid, but don't most people buy a house if they have a job? Isn't house price therefore most related to unemployment figure?
The story is different in Britain. British house prices had risen by nearly 10% in the year to the end of the first quarter of 2010, but the country’s price-to-rent ratio still outstrips its long-term average by nearly a third. This pattern—of prices rising in markets where houses still look overvalued—is also seen in Hong Kong, Singapore, Australia, Sweden and Canada. In France, Italy, Spain and Ireland, houses do appear overpriced relative to their earnings potential, but at least prices there are still falling.
Maybe I'm stupid, but don't most people buy a house if they have a job? Isn't house price therefore most related to unemployment figure?
My mums trying to sell the house i gerw up in at the moment due to health problems etc. Not going to be good for her either way.
I'm predicting a serious house price crash anytime soon. Dated 29/4/10
Even the IMF wants it to crash! Its coming, and its not going to be pretty
IMF warns of UK house market fall
The fund, in its half-yearly World Economic Outlook, said it was 'worrisome' that UK property prices still remained so expensive.
http://www.guardian.co.uk/business/2010/oct/06/uk-housing-market-set-for-fall-imf
That said the imf report reckons all in all things wont be to bad - I reckon doomsday
i would say the house price crash was imminent . The Tories are gonna cut housing benefit so landlords will be looking to sell. No one will have a job so they can't rent to those either. People will lose their jobs and homes, and the slightest rise in interest rates will spell doom
Forget the serious analysis -- trev knows The Truth.
ok then you tell me how those factors are gonna stable the housing market
Also, I can tell you first-hand that upwards pressures on rents having been so great for years, probably because nobody is buying or selling right now. Agents are putting rents up by 10%+ on stuff coming in compared to before the summer. Meanwhile the landlords' mortgages have never been lower, due to low interest rates. That hardly speaks of landlords needing to get out while the getting is good.
i do think that nearly a million losing their jobs will have a huge impact on the housing market, thousands of these will be made homeless, thats thousands of properties onto the market
i do think that nearly a million losing their jobs will have a huge impact on the housing market, thousands of these will be made homeless, thats thousands of properties onto the market
Being made redundant doesn't necessarily mean losing your home, particularly with a redundancy payoff. Those most at risk of losing jobs are probably those in their 50s, who are likely to have little or no mortgage remaining if they are a home-owner.i do think that nearly a million losing their jobs will have a huge impact on the housing market, thousands of these will be made homeless, thats thousands of properties onto the market