UK's housing market?

[Barry C]

What do you think is going to happen to the buying demand in the UK housing market, i personally think it will dip for 2 years, hit a halt and stay that way for 1 or 2 years then restart its climb.

What i dont understand is how much will we see a price difference of? obviously nobody knows for sure but say i'm buying a 150,000 house, will it fall a little just to 145000, a good amount to 125000 or a massive amount like down to 100000?

Rougly, what do you think ?????

[bigfella]

At the moment it is a buyers market and not a sellers. This has the effect of reducing prices along with the state of the current mortgage market, house prices are going through a tricky patch. House prices will decrease over the next 12 months in most areas but it will depend on were in the UK you ae buying, My personal view is that interest rates will come down to about 4.5% by December and that the housing market will recover by then. I thnk some mortgage providers are stating an average fall of upto 10% so £15,000 on a £150,000 property.

[Aries]

I think the same thing that happened the last time the housing bubble burst will happen again. Prices will gradually climb back up after a while.