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Will House Prices Fall in the UK?
Answer
House prices in the UK will fall through 2012 due to massive public-spending cuts instituted by the government. In January 2011 alone, the average price of a UK home plummeted by 1.4%. This is probably an indication of trends in the near future.
Q&A Related to "Will House Prices Fall in the UK"
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It's arguable that falling house prices in themselves are not bad for the economy as they are moving back to a more realistic price level, however it's the falling house prices that
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The only reason why falling house prices are bad is because it's an asset that has been borrowed against. If the borrower can't repay, then the bank loses money when trying to foreclose
http://uk.answers.yahoo.com/question/index?qid=200...
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If you ever find yourself in negative equity or unable to sell your house,get a mortgage or homeless you may take a differing opinion,,I recall very well the 15% mortgage rates of
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Take a look at the US to answer that question.....too much credit card debt, rising fuel/food prices and living beyond one's means have taken their toll and the reckoning day has
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The affordability of housing in the United Kingdom deteriorated significantly from the late 1990s onwards, with house prices rising faster than earnings and the average age of first-time homebuyers increasing....
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