What do people think will be the first sure fire sign that house prices are really on the way up again?
Asked on Jun 22 2009,
House Prices in London |
I think many people are already seeing it, the increase in demand for homes has certainly increased.
The fact that new home supply is very low certainly has added to this, low supply + mid to high demand normally equals a price increase.
Answered on Jun 26 2009,
I think the quantity of properties need to increase drastically before any indication of sure house price increases can be judged. Current increases are more likely to be a statistical aberration based on the small numbers. Unemployment needs to stabalise. Average earnings against average house prices need to stabalise first .
Web reference: http://www.housepricecrash.co.uk
Answered on Aug 2 2009,
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