This discussion is now closed.
Check out other Related discussions
- Sir Howard Davies: Not that difficult to buy a home, says NatWest chair
- Any hope for young buyers?
- Second housing disaster
- Need someone for Brighton/Sussex accomodation
- Is moving back in with parents a good option?
- Student landlord issues
- *Urgent* replacement tenant needed - Chaucer House
- Student - landlord issues
- Uni housing
- Student housing help!
- Chemistry A-LEVEL percentage atom economy HELP
- Question about breaches of tenancy agreement by landlord
- First house problem
- Flatmate paid for everyone’s deposit without asking first
- End of tenancy deposits?
- Moving student house
- Help on Accomodation
- Legal holding deposit help
- Looking for flatmate
- Only 3 people moving into a 4-person house? HELP
Deposit for 300k house?
Scroll to see replies
Original post by paul514
What's the 25 year average for England? (Most mortgages are 25 years max)
Posted from TSR Mobile
Original post by jneill
No idea mate, there's an issue of affordability hence why pricing becomes more of an issue each year.
I would like to say surely the rises will slow because it's already out of touch with wages but that doesn't seem to stop the market.
If the trend continues then 250-300% more than what you paid 25 years previously
Posted from TSR Mobile
Original post by paul514
No idea mate, there's an issue of affordability hence why pricing becomes more of an issue each year.
I would like to say surely the rises will slow because it's already out of touch with wages but that doesn't seem to stop the market.
If the trend continues then 250-300% more than what you paid 25 years previously
Posted from TSR Mobile
I would like to say surely the rises will slow because it's already out of touch with wages but that doesn't seem to stop the market.
If the trend continues then 250-300% more than what you paid 25 years previously
Posted from TSR Mobile
Agreed. Even it's 5% pa that will be over 300% in 25 years. That was my point earlier about compond interest not ust affecting the debt, it also affects the asset.
Original post by paul514
No idea mate, there's an issue of affordability hence why pricing becomes more of an issue each year.
I would like to say surely the rises will slow because it's already out of touch with wages but that doesn't seem to stop the market.
If the trend continues then 250-300% more than what you paid 25 years previously
Posted from TSR Mobile
I would like to say surely the rises will slow because it's already out of touch with wages but that doesn't seem to stop the market.
If the trend continues then 250-300% more than what you paid 25 years previously
Posted from TSR Mobile
House price rises have a much stronger correlation with the availability of credit than actual supply and demand unfortunately. Only during the 2010-2012 period did we see constrained credit growth and prices were flat or declining outside London). Unfortunately, people whinged about having to save a large deposit and so government pandered.
Unfortunately, i fear that normal service will be resumed although i don't think annual growth across the UK as a whole has actually been at 11% since 06. Been cooling off lately has the housing market.
It's off the official average uk house price since the mid 70's
Also widespread mortgages didn't even happen for the market until the 80's so this trend started before that.
It is almost all supply and demand issues
Posted from TSR Mobile
Also widespread mortgages didn't even happen for the market until the 80's so this trend started before that.
It is almost all supply and demand issues
Posted from TSR Mobile
Original post by TSRsteven
Depending on were you live of course- cant you go for something a bit cheaper for your first house?
Original post by Fullofsurprises
If house prices were stable or declining, that would be true, but the long-term trend is relentlessly up at a greater rate than inflation, so in the long run, it would be illogical not to aspire to home ownership, the way things are in our distorted economy. Basically a house is like a money printing operation, especially in London and the South of England. The only trouble is, the entrenched middle and upper middle classes and the rich have hold of the presses and they aren't keen to let others into the printing room.
The thing I wonder though is, house prices in London and the SE are too high for most people to afford, so if you do buy a house in these regions with the intention to sell it later, who are you going to be selling it to?
Posted from TSR Mobile
Original post by Diabolus
The thing I wonder though is, house prices in London and the SE are too high for most people to afford, so if you do buy a house in these regions with the intention to sell it later, who are you going to be selling it to?
Posted from TSR Mobile
Posted from TSR Mobile
There are loads of buyers always coming in to the London market from abroad - for example, it said in the Standard the other day that more than 250,000 French people own property in London. It's kind of a global hub that everyone wants a house in who has money.
Original post by Fullofsurprises
There are loads of buyers always coming in to the London market from abroad - for example, it said in the Standard the other day that more than 250,000 French people own property in London. It's kind of a global hub that everyone wants a house in who has money.
London is like some grotesque blocked toilet which people are queuing up to use
Original post by the bear
London is like some grotesque blocked toilet which people are queuing up to use
Lol, some truth to that, but to be fair, you don't get a lot of toilets with very pleasant art galleries, museums and parks included in them and stacks of desirable and interesting properties.
Related discussions
- Sir Howard Davies: Not that difficult to buy a home, says NatWest chair
- Any hope for young buyers?
- Second housing disaster
- Need someone for Brighton/Sussex accomodation
- Is moving back in with parents a good option?
- Student landlord issues
- *Urgent* replacement tenant needed - Chaucer House
- Student - landlord issues
- Uni housing
- Student housing help!
- Chemistry A-LEVEL percentage atom economy HELP
- Question about breaches of tenancy agreement by landlord
- First house problem
- Flatmate paid for everyone’s deposit without asking first
- End of tenancy deposits?
- Moving student house
- Help on Accomodation
- Legal holding deposit help
- Looking for flatmate
- Only 3 people moving into a 4-person house? HELP
Latest
Trending
Last reply 1 week ago
I think I have a Cifas Marker on my name , can I still open any banks ?Last reply 3 weeks ago
Has anyone had their student finance paid into their partners or parents bank?Last reply 1 month ago
Introduction to UK Financial regulations and professional integrity SCAMTrending
Last reply 1 week ago
I think I have a Cifas Marker on my name , can I still open any banks ?Last reply 3 weeks ago
Has anyone had their student finance paid into their partners or parents bank?Last reply 1 month ago
Introduction to UK Financial regulations and professional integrity SCAM
