Guest The Pom Queen Posted January 7, 2013 Share Posted January 7, 2013 Property prices could take another eight years to recover from the recession and regain their 2007 value, according to forecasts by an estate agent. Homeowners in Wales, North Yorkshire and the North West will wait the longest to see the value of their property return to pre-recession value according to Knight Frank. In Wales, prices won't return to their average peak of £154,696 until 2021 with the current market value more than £20,000 down to less than £132,000. Link to comment Share on other sites More sharing options...
Guest chris955 Posted January 7, 2013 Share Posted January 7, 2013 'According to forecasts by an estate agent' :biggrin: Seriously I have been reading so many different theories and guesses on this over the last few years, I havent seen this one before though. Link to comment Share on other sites More sharing options...
Freckleface Posted January 7, 2013 Share Posted January 7, 2013 Unless people are actually buying or selling a home this type of thing probably won't concern most people. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted January 7, 2013 Share Posted January 7, 2013 Unless people are actually buying or selling a home this type of thing probably won't concern most people. This is the problem though, there are lots of members waiting to sell. Link to comment Share on other sites More sharing options...
Flathead Posted January 7, 2013 Share Posted January 7, 2013 This is the problem though, there are lots of members waiting to sell. There are also a few waiting to buy Link to comment Share on other sites More sharing options...
Freckleface Posted January 7, 2013 Share Posted January 7, 2013 This is the problem though, there are lots of members waiting to sell. Sorry - I was just trying to say something positive. Should have know better :embarrassed: Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted January 7, 2013 Share Posted January 7, 2013 Sorry - I was just trying to say something positive. Should have know better :embarrassed: Lol I wish it was all positive and they could sell and get their backsides here, people like Pabs have been waiting so long to sell. Link to comment Share on other sites More sharing options...
Acidglitter Posted January 14, 2013 Share Posted January 14, 2013 I was one person hit by this, i sold my house in July this year after it being on the market for 2 years...very frustrating & expensive time! Unfortunate thing is, the banks have made it so hard for first time buyers to get mortgages that almost everyone is renting. Until they do start get the opportunity to buy again, i can't see the housing market recovering much! If one cog gets stuck there's a knock on effect! Personally i wouldn't buy again now unless i really had to, and hopefully...it will be in Oz after i've worked my tush off for a good few years and can get or build something i want! Link to comment Share on other sites More sharing options...
calNgary Posted January 14, 2013 Share Posted January 14, 2013 Ive heard from family that the banks are making it tough to get a mortgage, unfortunately because of this id hazard a guess that before long the rental market will be extremelly tight and properties alot more expensive to rent which isnt really what the UK needs in the forseable future. Cal x Link to comment Share on other sites More sharing options...
Acidglitter Posted January 14, 2013 Share Posted January 14, 2013 Ive heard from family that the banks are making it tough to get a mortgage, unfortunately because of this id hazard a guess that before long the rental market will be extremelly tight and properties alot more expensive to rent which isnt really what the UK needs in the forseable future. Cal x You're completely right... the rental values have gone through the roof...and you end paying top dollar for houses that, in all honesty, are not even worth the half of it...can't see things turning round for a good while. My estate agent told me it would be at least 5 possibly 10 years until things begin to turn around properly. Very unfortunate and scary time for home owners in the UK who are looking to sell or emigrate. Link to comment Share on other sites More sharing options...
paul1977 Posted January 14, 2013 Share Posted January 14, 2013 You're completely right... the rental values have gone through the roof...and you end paying top dollar for houses that, in all honesty, are not even worth the half of it...can't see things turning round for a good while. My estate agent told me it would be at least 5 possibly 10 years until things begin to turn around properly. Very unfortunate and scary time for home owners in the UK who are looking to sell or emigrate. You think your paying top dollar to rent in the uk....? Mygod You wait to you arrive here then..! Link to comment Share on other sites More sharing options...
calNgary Posted January 14, 2013 Share Posted January 14, 2013 But we are not talking about rent in Australia and wont go into comparrisons, but when there are soo many people in the UK struggling to pay rent as it is (http://www.presstv.ir/detail/281974.html ) , price hikes are going to affect a lot of people and i would imagine this is what acidglitter meant by many are already paying top dollar. Cal x Link to comment Share on other sites More sharing options...
Que Sera Sera Posted January 14, 2013 Share Posted January 14, 2013 We sold my house in the UK to a friend of my OH. So still in touch with them. Our house when we first put it on the market twixt Bristol & Bath in 2007 was worth 189,000 GBP. We took it off the market ( long story ) then put it back on in 2008 but was only worth 169.00 by then. We managed to sell for 159,00 in the end in 2009. The couple have just put the same house back on the market now 2013 for 159,00 so that seems to bear out that story. Link to comment Share on other sites More sharing options...
paul1977 Posted January 14, 2013 Share Posted January 14, 2013 Mirror image of Australia ..!average around perth must be 500-600 a week Link to comment Share on other sites More sharing options...
Guest51810 Posted January 14, 2013 Share Posted January 14, 2013 Ive heard from family that the banks are making it tough to get a mortgage, unfortunately because of this id hazard a guess that before long the rental market will be extremelly tight and properties alot more expensive to rent which isnt really what the UK needs in the forseable future. Cal x completely right. we went for a mortgage advice and was told we had no chance unless we had a massive deposit. we have been private renting for years. it's just paying somebody's mortgage! I can't complain about rental prices where I live though, it's fairly cheap especially compared to other parts of the UK. Link to comment Share on other sites More sharing options...
Ausborn Posted January 14, 2013 Share Posted January 14, 2013 Mirror image of Australia ..!average around perth must be 500-600a week Average in Perth is closer to $400.i Know friends actually in nice low sets paying less. Hopefully Britain turns itself around and the housing market can return to a better state. More rural areas have been hit hard. People's hard earned money just seems to be disappearing with there investments. Link to comment Share on other sites More sharing options...
Perthbum Posted January 14, 2013 Share Posted January 14, 2013 Houses are still overpriced in the UK. Link to comment Share on other sites More sharing options...
paul1977 Posted January 14, 2013 Share Posted January 14, 2013 Average in Perth is closer to $400.i Know friends actually in nice low sets paying less. Hopefully Britain turns itself around and the housing market can return to a better state. More rural areas have been hit hard. People's hard earned money just seems to be disappearing with there investments. 400 for a rat hole. 550+ for something you would live in ..! Do you rent in perth..? Link to comment Share on other sites More sharing options...
Perthbum Posted January 14, 2013 Share Posted January 14, 2013 Average in Perth is closer to $400.i Know friends actually in nice low sets paying less. Hopefully Britain turns itself around and the housing market can return to a better state. More rural areas have been hit hard. People's hard earned money just seems to be disappearing with there investments. You are kidding, you would not get a decent kennel for 400 Link to comment Share on other sites More sharing options...
Ausborn Posted January 14, 2013 Share Posted January 14, 2013 400 for a rat hole. 550+ for something you would live in ..! Do you rent in perth..? My brother and handful of mates are there in the mines. I'm on the east coast. And oh yer I know your opinions of Perth ,been a member on the forum before.i wouldn't listen to any of them personally.i love the place.. Can't believe you still haven't got on a plane out of there yet mate. :chatterbox: Link to comment Share on other sites More sharing options...
Ausborn Posted January 14, 2013 Share Posted January 14, 2013 You are kidding, you would not get a decent kennel for that Perthbum you haven't changed :biggrin:You secretly miss Perth I'm sure of it. Keep saving buddy. This thread is about England not Perth... Link to comment Share on other sites More sharing options...
Guest51810 Posted January 14, 2013 Share Posted January 14, 2013 Admin made a UK part of the forum because people moaned there wasnt one and you guys still manage to turn it into a aus vs uk fight! Link to comment Share on other sites More sharing options...
Acidglitter Posted January 14, 2013 Share Posted January 14, 2013 But we are not talking about rent in Australia and wont go into comparrisons, but when there are soo many people in the UK struggling to pay rent as it is (http://www.presstv.ir/detail/281974.html ) , price hikes are going to affect a lot of people and i would imagine this is what acidglitter meant by many are already paying top dollar. Cal x El correcto ! i'm fully aware of rental values in OZ...having spent most of last year renting in Sydney's CBD! But in the UK...you don't expect to pay a fortune for living in the suburbs of Leeds...and i am more aiming at what you get for your money now in the UK in comparison to 3 years ago... Link to comment Share on other sites More sharing options...
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