Where do you think house prices will be in 1 year?

[AlfredJPruffock]

I still think they will drop, but not enough that would put me off buying at the moment, probably summer.

I have made quite a bit by moving to renting in summer 2007.

The gf convinced me to put a 495k bid in on a house in Dec 2007, we missed out by 200 quid, the sale fell through and the house eventually sold in Dec 2008 for 416k. That really was dodging a bullet.

The Chinese have this curious view of life - that often what seems bad at he time later turns out to be a blessing in hindsight.

[d000hg]

I see that a few people on here are not taking these polls seriously. The big + percentages were only included as a joke.

I dunno, prices were rising 20% (maybe more) per year at the peak of the boom, and have dropped 20% these last 12 months... most of that being before unemployment and recession really started to bite.

[TimberWolf]

One thing is for sure, it won't be the "gentle correction" or "soft landing" that the wishful, hard-of-thinking majority of people believed.

I see that a few people on here are not taking these polls seriously. The big + percentages were only included as a joke.

[Doggy Styles]

One thing is for sure, it won't be the "gentle correction" or "soft landing" that the wishful, hard-of-thinking majority of people believed.

[Olly]

Looking in the various forums and stuff they seem to be saying that land prices are dropping faster than plots with houses on them.

I think I'll start scattergunning sellers with ridiculously low offers next month - I mean 30 or 40% or even 50 % less than asking.

Maybe one will bite and I'll get my building plot now rather than having to wait a few years....maybe I won't....

[Foxy Moron]

I still think they will drop, but not enough that would put me off buying at the moment, probably summer.

I have made quite a bit by moving to renting in summer 2007.

The gf convinced me to put a 495k bid in on a house in Dec 2007, we missed out by 200 quid, the sale fell through and the house eventually sold in Dec 2008 for 416k. That really was dodging a bullet.

If anything like the last crash (and I think this is a worse one) prices won't regain their peak value for years. IMHO you won't lose anything by sitting it out for a couple of years, if anything you will be hurt by getting back in too quick.

[BrilloPad]

I am still going for 50% drop from Aug 2007 until Aug 2010.

[minestrone]

I still think they will drop, but not enough that would put me off buying at the moment, probably summer.

I have made quite a bit by moving to renting in summer 2007.

The gf convinced me to put a 495k bid in on a house in Dec 2007, we missed out by 200 quid, the sale fell through and the house eventually sold in Dec 2008 for 416k. That really was dodging a bullet.

[alreadypacked]

Can't remember the show on TV last night, think it was the news.

"Houses were losing £100.00 per day"

Soon I'll be able to buy something for cash

[blacjac]

Estate agents windows?

[TimberWolf]

Shouldn't that be <=-40%

Strictly speaking, yes.

[NotAllThere]

Shouldn't that be <=-40%

[sasguru]

That poll was in Dec 2007. It's now March 2009 and we're about 17%.
So my guess of 20% was an underestimate.
30% in the 2 years from 2007 is about right.

[TimberWolf]

For help with your answers, see also http://forums.contractoruk.com/gener...use+price+poll