Life's full of surprises.
Despite all this we know that there is one certainty.
House prices will go on rising. Look at the latest figures that show prices are up for the 7th month in a row and are almost back to the level they were a year ago.
Well may be not.....
According to the latest article in Moneyweek house price rises may soon be on hold for a generation because of :
1. Rising unemployment
2. Lack of buy to let finance
3. Low interest rates won't last
4. Surging supply
Find out more by reading the full artice
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Falling for a generation seems a bit steep. Prices will hold steady or go slightly up in the first part of 2010 then with the General Election they'll fall again in the uncertain times of change. It'll take years for the country to recover from the massive debt we are now in and for there to be sustained growth. With sustained growth comes employment, spending and confidenc. When we have that, say at a guess, in 5 years time, house prices will rise - but it'll be interesting to see from what baseline.
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