What is the financial forecast for properties in 3 years?
Asked on Apr 25 2010,
House Prices in Oldham |
Crystal Ball Time!! My view is that prices will not continue to increase until either the banks lend buyers more multiples of income or salarys increase. The media reports which are currently coming out are actually reporting market activity from last years sales, I believe house prices will be stable for the next 12 - 18 months, then as the banks start to increase their view on risk and lend more money to more buyers demand will surge and we will be back on the Boom Bust roller coaster with another good few years of growth in the property market.
Answered on Apr 25 2010,
Also depends who is voted in. Imagine property prices if UKIP were in charge? This example with give a massive shake to the whole industry.
Answered on May 4 2010,
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