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What will trigger the fall in house prices? (Buying)
by administrator 
, Wednesday, June 02, 2010, 05:44
We've just bought a house. It is exactly the kind of house we have long wanted to live in, so we are thrilled. But I am also pretty sure that, while buying it might be a good thing for family stability, it will also be the worst financial decision we have ever made.
You don't need to know that the average house price is still well over five times the average income – or that the average first-time buyer was forced to put down a deposit of £50,000 in March, or even that more than 80% of adults under 30 are unable to afford to buy any kind of house in the UK, according to the National Housing Federation – to know that house prices are still in bubble territory. Instead, you just need to look in an estate agent's window. That usually does it.
Click on the following link to read more...
http://www.moneyweek.com/investments/property/merryn-somerset-webb-uk-house-p...
