First Time Buyers Home 2012
Many first time buyers feel they will never be able to get into the property market, particularly those in London and other expensive areas, where affordability is a very real issue. So should first time buyers be thinking very seriously of making 2012 the year to take the plunge and buy?
READ ON to find out.
Tuesday 13 March 2012
Monday 5 March 2012
What Impact will another Recession have on the Property Market?
Future Market
Predicting the property market is about as difficult as predicting the weather - and expert forecasts are rarely accurate. We know that over the next five years, in most areas, property prices are likely to recover, but within the next year or two, without a clear picture of how hard a recession could hit and to what level unemployment will rise, let alone unknown impacts of the Eurozone crisis on our banks and property market, it is tough to work out what will happen within the next six to twelve months. However below we go through key indicators which can influence prices.
READ ON for the full Future Property Market analysis
Predicting the property market is about as difficult as predicting the weather - and expert forecasts are rarely accurate. We know that over the next five years, in most areas, property prices are likely to recover, but within the next year or two, without a clear picture of how hard a recession could hit and to what level unemployment will rise, let alone unknown impacts of the Eurozone crisis on our banks and property market, it is tough to work out what will happen within the next six to twelve months. However below we go through key indicators which can influence prices.
READ ON for the full Future Property Market analysis
Friday 2 March 2012
Current Market: 2012 a Good Year to Buy?
House Prices 2012
This year the usual doom and gloom merchants Capital Economics and Jonathan Davis are still saying property prices will fall by 5% (CE) or up to -12% (JD). These two companies are typically very ‘downbeat' about the market and have been since 2000! Other predictions suggest property prices will rise by up to 3%.
So, depending on whether we hit an economic recession in 2012 and how deep it is will determine whether prices show a little bit of growth or a small decline. If things get really rough with high unemployment levels, a sharp rise in repossessions and say a rise in interest rates, then it may be that the real doom and gloom forecasts of 5% or more falls could exist by the year end.
READ MORE to find out whether 2012 is a Good Year to Buy?
This year the usual doom and gloom merchants Capital Economics and Jonathan Davis are still saying property prices will fall by 5% (CE) or up to -12% (JD). These two companies are typically very ‘downbeat' about the market and have been since 2000! Other predictions suggest property prices will rise by up to 3%.
So, depending on whether we hit an economic recession in 2012 and how deep it is will determine whether prices show a little bit of growth or a small decline. If things get really rough with high unemployment levels, a sharp rise in repossessions and say a rise in interest rates, then it may be that the real doom and gloom forecasts of 5% or more falls could exist by the year end.
READ MORE to find out whether 2012 is a Good Year to Buy?
Thursday 1 March 2012
Past Market Performance: Property Prices Start to Freeze
House Prices for 2011
Recent property price reports which measure what's happened to property prices in the past suggest that 2011 was a year where prices rose until the summer, then dropped back again, in the main to slightly lower than 2010 prices.
Volumes year on year are down, only by less than 1%, but this, along with other data suggests market volumes are weakening. This is significant for those looking to sell this year as lower volumes typically mean prices are likely to fall in the coming months. Back during the market heights, the average monthly volume in England and Wales was approximately 89,000 sales per month. At its lowest in 2009, the average monthly volume was 52,000 - a fall of 40%. Current volumes are running higher, but not by much: 60,000. This still represents 30% fewer homes being sold versus 2007.
READ ON for a Full Summary of House Prices 2011
Recent property price reports which measure what's happened to property prices in the past suggest that 2011 was a year where prices rose until the summer, then dropped back again, in the main to slightly lower than 2010 prices.
Volumes year on year are down, only by less than 1%, but this, along with other data suggests market volumes are weakening. This is significant for those looking to sell this year as lower volumes typically mean prices are likely to fall in the coming months. Back during the market heights, the average monthly volume in England and Wales was approximately 89,000 sales per month. At its lowest in 2009, the average monthly volume was 52,000 - a fall of 40%. Current volumes are running higher, but not by much: 60,000. This still represents 30% fewer homes being sold versus 2007.
READ ON for a Full Summary of House Prices 2011
Subscribe to:
Posts (Atom)
Posts
