What will happen to house prices in the next 2 years?
Asked on May 30 2010,
General in Abergele |
It really is impossible to say. Each January the experts within the industry predict what will happen to prices that year and they are always all wrong. You just can't predict something that has so many variable influences. Interest rates (and inflation), mortgage lending streams, legislation, unemployment, consumer confidence... all have a major part to play.
Any prophecy is just a guess and not worth taking much notice of. You're best to look at historic price trends on the Halifax house price index to get a feel for what valueshave done over the past decades. Property is a long term thing and, with few exceptions, is an investment not bettered by much else overall.
Answered on Jun 1 2010,
As the above poster says, there are no certainties with house prices only a considered opinion of what may happen.
In terms of measuring investment performance, the return on your investment depends on how good you are as an investor and consider that property is 1 of 4 recognised investment classes (the others being financial instruments).
Answered on Jan 15 2011,
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