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house prices in 2011?
can we predict what house prices will be like in this year, would it be possible to get a fairly decent 1 bedroom flat for £60-70k in some areas?
11 Answers
- RolsyLv 71 decade agoFavorite Answer
I don't think anyone can predict the housing market for the next 6 months, never mind in 2011.....
- Soup DragonLv 61 decade ago
It's going to be a tight 12 months for mortgage lending with this credit crunch and until the lenders realise they're not making any money. By 2011 who knows what the prices will be like, most people will only be able to afford a tent at the rate that house prices have risen in 2 or 3 years. I think we are returning to an era where only seriously rich people will be able to afford property and the under-dogs will be lining their pockets with cash.
Hope you have a good day hun ;-)
- Stephen MLv 61 decade ago
No one can know that. But considering the current situation i can't see house prices beeing a lot more than they are now in 2011. So if you can get a 1 bed flat for that price now its likely you still will in 3 years time
- 1 decade ago
In my eyes its just another evil plan by the goverment to leave us with no money... Before you do the thumbs down thing ,, think about it ... no matter what you have got or struggled to get in your life there is always somebody in downing street ploting to take it off you in some shape or form i.e say i bought a house 22 years ago for 48,000 and when valued 3 years ago was worth 270.000 but now is worth 210,000 and prices still falling...... whos behind it and why has a postage stamp gone up 8 pence when they normaly only go up 2 or 3 pence ???? has mr brown decided to pay back this countrys borrowing with our money or is he saving up for his next round of war games ?????????????
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- 1 decade ago
It's very hard to predict. Some people think that the housing market will be fine while others think it will crash!
Personally, I think you would defnitely get a decent flat for that price range in years to come, if not a lower price!
Either way, it's really hard to say.
- Anonymous1 decade ago
If you can get a legitimate forecast, email me and by 2011 we'll both be too wealthy to worry about things like money. (No one in 1928 would guess that housing would be going begging in 1930. No one in 2000 would have guessed that gold would reach over US$1,000 in 2008.)
- Anonymous1 decade ago
Yes, you can do that in most of the Midwest. In all areas of the country where housing prices were artificially inflated be the lenders will see another 25% drop over the next 18 months.
- Anonymous5 years ago
I think the housing bubble has just begun to burst. The economy is also going to get worse before it gets better. Watch the foreclosures and try and grab one by mid 2010.
- Anonymous1 decade ago
you`d be lucky to get anything..... the poles would have bought it all up by then