| Topic: | Re:Re:Re:Property Market Stable But Confidence Is Shaky??! | |
| Posted by: | Stewart Dean | |
| Date/Time: | 13/06/08 10:17:00 |
| Ken, your optimism is ill placed I think. It's true that house prices in the long term will rise but, as is always the issue with these things, it's the time frames that come into play. Also the demand for houses current exists largely underneath the entry point into the market for many people. Your point about demographics is interesting but, as don't have any time to go into detail, most of these factors have been faily stable over the last ten years at least. In short the rise in recent years has been artificial and despite all the factors you name I feel will settle into a more resonable level in the next year or so and rise and a much steadier rate. Also additional factors, such as the difficulty getting mortgages, which looks like it's a factor that is here to stay, will also act to stabalise the market. Demand will return if prices fall but at a new level which I feel will be at least 10% below today. |