Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Anyone seen this website before? http://www.housepricecrash.co.uk/
Makes quite an interesting read. If you look at the graph it would seem that it could come down again in the near future, but I doubt it to be honest. BOE will ensure that the interest rate doesnt have a massive effect and maintains the house prices.
Some of the "experts" on the bottom dont seem to know what they are talking about!! 50% drop 
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
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Can't see it happening to be honest.
House prices have roughly doubled in the past 10 years. I see no reason why this trend won't continue.
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Jules S
Premium Member
Registered: 24th Dec 03
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The people commenting at the bottom have almost been proved wrong already 
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Some of the 06 predictions have but some are predicting it for the next couple of years. It made me wonder when you look who is predicting though, as there are some huge names that you would think will know the score.
[Edited on 17-10-2006 by Melville]
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Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
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House Day 
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nik
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Registered: 19th Jun 00
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Houses prices will probably double again in 10-15 years according to experts. Now really is the time to buy property for those who rent!
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Aaron
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Registered: 9th Aug 04
Location: Cottingham, East Riding
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I'm looking at buying a second flat as an investment...will render me skintons tho 
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a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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property may reach a plateau (sp) in prices but will not fall unless full econmy crashes.
The sooner you get on the property ladder hte better
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Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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I think there might be a slight drop. Think it might happen just after xmas as the BOE are going to put interest rates up a further .25pc and with the xmas credit spending it may mean that people cant afford there mortgage payments and they are forced to sell for a knock down price which could mean that all properties take a hit.
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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Up here in the NE the market it is flat, there is an over saturation of new build which is making it increasingly difficult for people to sell their properties. In fact their have been some quite noticeable drops in quite prominent areas in the NE.
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Melville
Member
Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Yeah there are 2 houses in my parents street that were on the market for £180 about 8-10 months ago. One has just sold for £159 and the other has had little to no interest.
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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I certainly know the Grove Park development in Gosfoth has been a money pit, when they carried out there original sales appraisal on the site it was right at the peak of the property boom and now people are struggling to even recoupe what the paid for a new build on the site18mths ago.
That's exactly why I'm going to do my own house
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Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Yeah my boss bought a couple of flats at the Baltic and he cant sell them for what he paid for them. It seems people want budget accomodation, not exclusive.
Build your own house Moe? You can do mine too if you want? I have some beers and a packet of peanuts I can pay you with
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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Yeah mate I'm going to build my own, I got some good contacts as i'm in the property development game.
Got some nice units on the Fish Quay if you're interested mate
[Edited on 17-10-2006 by Mad Moe]
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Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
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Bit far away from me mate. Live in the west end of Newcastle towards Ponteland way and really dont want to move too far away as all my mates live that way too.
Ive heard there are some nice places down at the Fish Quay with some great views too.
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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Yeah mate the Fish Quay is being regarded as one of the new up and coming areas in the north east.
Get yourself down to the open day our our new apartments for a nose round
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