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Will house prices be going up in 2014 and by how much??

Bill_Morgan Offline Mute
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17-06-2013,12:18 AM
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Will house prices be going up in 2014 and by how much??

I have noticed that the lots on offer at auction are very poor and the decent properties do not seem to making it to the auction room.

Estates Gazette said there is a lot more money available and the banks are opening up.

I am starting to think that from now on prices will rise and that you can make say 10% by 2015 just by sitting on your properties.

If interest rates go up, this will push house prices back down, but I can't see it happening yet.

This £130bn Government Scheme will last 3 years and will have upward pressure on prices

Perhaps after the election the Government will put up interest rates and then house prices may drop, but there is no incentive at the moment with low inflation and a weak economy.

I definitely think that time spent bargain hunting now is going to pay off very well over the next 18 months.
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Vanessa Warwick Offline Mute
Landlord & Co-founder of Property Tribes
17-06-2013,07:37 AM
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RE: Will house prices be going up in 2014 and by how much??

Hi Bill,

This exact topic is already being discussed:

Is the BTL boom entering its final phase?

Bad news. Another housing bubble is on the way.

You may like to add your thoughts to either of those threads?
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Jonathan Clarke Offline Mute
Milton Keynes Landlord
17-06-2013,08:09 AM
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RE: Will house prices be going up in 2014 and by how much??

(17-06-2013 12:18 AM)Bill_Morgan Wrote:  I definitely think that time spent bargain hunting now is going to pay off very well over the next 18 months.

I agree Bill but I feel 2008 - 2012 was best for the best bargains .
Ive just seen a property similar to mine go on the market asking 29% more than what I paid for it in 2010.
Happy days in 2013 and yes 2014 will be even better I believe.

I had begun to forget what the meaning of capital growth was so i had to look it up in the dictionary.

I liked what i saw!
.
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Paul Ribbons Offline Mute
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17-06-2013,08:35 AM
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RE: Will house prices be going up in 2014 and by how much??

Bill,
This is my favourite subject at the moment and one drum I have been beating for the last 18 months.

I feel that this bubble that will come, will be stronger than the 1970's boom when prices doubled in 2 years.
Everything is in place
1. cheap money
2. lots of money.
3. lack of supply
4. sentiment, confidence.

In 3 years prices will be 50-100% higher than they are now.
There will be regional variations.

Now if you think "well I cant see this", Then think back to the budget of 15th March 1988. Nigel Lawson scraped duel tax relief (MIRAS) from 31st August 1988. In that 24 weeks prices rose by 33%.
For 2 reasons. Mortgages were going to get more expensive and there was a deadline.

This time it is similar, a deadline 3 years (do you think the money will last that long I doubt it) And the desire to get a mortgage, people have been denied.
But warning it will be followed by a crash.....

Just for you attention....


http://www.rightmove.co.uk/news/house-pr.../june-2013
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