Housing Market Declining Rapidly

[Cyclefrance]

Originally Posted by unlawflcombatnt

CycleFrance,

Several months ago I was hearing that real estate prices in Britain were declining. I didn't delve into too deeply, however. From what you're saying, however, prices are on the rise again. Is that correct?

Sorry, a bit slow replying as away from home. It seems to be the case that they are. The top end of the market was stagnating and that fed through the chain downwards to the cheaper end of the market - now this year the City have been handing out record bonuses again and are buying at the high end, so both the market and people are moving again. NOt sure how long this will last but London and SE UK prices are showing rises of 5%+ against last year already.

I think the forward market is still hard to predict - it's still unsettled - there isn't a clear sign that it's about to storm ahead or drop into the doldrums. The economy here seems to be coping at the moment with any fallout from oil-price driven inflation. In the past we would have seen the economy nose-dive by now. In then most basic analysis, expansion/growth in the East with countries like China and India is preventing that it seems.