What will happen to house prices this year?
Just want to know will the house price go up this year?
Asked on Jan 17 2010,
House Prices in Sunbury-on-Thames |
Million Dollar Question - My opinion is: If the continued lack of new stock carries on then prices are almost certainly going to rise (single figure percentages 5% to 9%). The last quarter of 2009 saw a rise based on the simple fact of demand outstripping supply. On the other hand, if lots of properties come to the market, the mini rise in price we have just had may level off and infact drop a little as buyers have more choice. At present I have not noticed an improvement in the levels of new property coming to the market so I think a small increase....There is the general election however and the pre election big talk which can effect any market for better or worse, although you would imagine all parties will be promoting good news for homeowners so again would point towards a confindence in the market. Sorry a bit 50/50.
Answered on Jan 17 2010,
Yes, nobody knows but prices in London & the South East are likely to remain fairly static through 2010, what with the media hype over the election & gloom over the recession, prices are highly
unlikely to rise but with consumer demand sustained prices are unlikely to drop.. experts forecast recovery in 2012..
Answered on Jan 18 2010,
As per other this is the million dollar question but they did rise a little at the end of 2009 and I agree with others that if supply remains limited I see this trend of slow but steady increases to continue throughout 2010. If supply picks up I think prices will remain static.
Answered on Feb 22 2010,
Prices in TW16 will rise as residents from TW11 etc. move to this area to get more property for their money. This is already being reflected in the public school rolls in TW12 where an increasing number of families have relocated to TW16. The move of St. James' School to Ashford in 2010 will increase the pull of good schooling in the area..
Answered on Mar 2 2010,
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