House Prices
I’m not sure what it’s like in the rest of the world but in the UK where I live house prices are just stupid, see the graph below for how house prices have risen.
To be honest the hardest thing is for new buyers, with the average house prices around £130K but yet the average wage in the UK is around £14-15 how can anyone get a house, mortgage lender will only lend you from 3-4.25 your wage so if you’ve got a coupl with combined earnings of £30K then they may just beable to purchase, but at a struggle if your mortagage is £700-800 a month, then you’ve got bills then how can you survive?
Add your comments, is the house market struggling? are more people renting? are house prices set to fall?
It’s back to you!
Popularity: 44% [?]


March 15th, 2008 at 12:41 pm
House prices in the UK are ridiculous, i’m not on a bad wage compared to most people and struggled like hell to get a house, there of course cheaper areas you can choose to move to, but we shouldn’t have to think like that, look at america, for the same price you get a 2 up 2 down in the UK, you can get a fourbedroom house with swimming pool in the US, the trouble now is with being on the property ladder, i don’t want house prices to go down, just wages going up (If your listening boss!)
March 25th, 2008 at 8:03 pm
Don’t even get me started on the subject of house prices me and the fellar are struggling just to keep a house, (Although i do spend most of the time in the bedroom), but we have two wages and each month is hard when the mortgage goes out.
March 30th, 2008 at 6:51 pm
The number of different international market which effect house prices is one reason why UK prices are so high, John’s comment about america is completly right you get twice as much as in the UK.
April 23rd, 2008 at 5:08 pm
I reckon prices will drop by 10% by the end of 2008 with a modest fall in 2009. In the long term property prices will always go up.
May 23rd, 2008 at 7:55 pm
Well, the same situation is happening in the USA right now. The thing though is there is a credit crisis going on right now. People taking out house loans that they could not afford, therefore losing their home.
October 30th, 2008 at 8:29 pm
In times like this business result to renting their office space as appose to purchasing a building.
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February 10th, 2009 at 11:39 am
Atleast the yare dropping in price now!
April 23rd, 2009 at 9:05 pm
Property values are continuing to fall in the UK - you must be starting to feel like they are a bit more reasonable nowadays?
July 2nd, 2009 at 10:09 pm
i was wondering if anybody could tell me about an offering price on a house whose guide price is £160000 - £170000. how much should i offer first and what is the ideal price????
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July 31st, 2009 at 11:55 pm
house prices!
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September 3rd, 2009 at 8:20 pm
In the long term property prices will always go up.
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September 6th, 2009 at 7:18 pm
it is decreasing due to the greedy person of our states whoare the main cause of this economic crisis
September 24th, 2009 at 9:40 pm
Here in the U.S., house prices peaked and then pretty much tanked and has continued to tank.
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October 11th, 2009 at 9:33 pm
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December 2nd, 2009 at 9:45 am
The result is that it becomes increasingly expensive to live in a city and especially a larger percentage of income goes to housing. A balance will be reached, but except for occasional local craziness where a particular fad neighborhood gets way out of line, or a mill town loses its mill, don’t expect a general crash in house prices.
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April 14th, 2010 at 12:14 pm
It’s true. Hose prices in the UK are outrageous and even in the whole EU. I watched House hunting international and I can see how expensive European real estate is and what they get for what they pay is a joke. Here in the US we can so much for what we pay.
June 2nd, 2010 at 3:23 am
Around the world people are moving out of the country and into cities. So the price of city housing is going up, while country houses sit abandoned and small villages die out….
July 1st, 2010 at 11:55 am
A balance will be reached, but except for occasional local craziness where a particular fad neighborhood gets way out of line, or a mill town loses its mill, don’t expect a general crash in house prices..
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July 3rd, 2010 at 12:59 pm
Wow, that is some incredible growth - reminds me of the west coast and south Florida in the US.
I ran across this post that came from 2008 and asked if prices were on their way down and we were about to slump. 2 years later, I think we found an answer :).
August 3rd, 2010 at 3:55 am
I can finally afford it and it will be my HOME, not a frigging investment. We have to stop the pointless, idiotic speculation on shelter for people, or the consequences will really be disastrous.
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August 12th, 2010 at 9:16 am
The result is that it becomes increasingly expensive to live in a city and especially a larger percentage of income goes to housing. A balance will be reached, but except for occasional local craziness where a particular fad neighborhood gets way out of line, or a mill town loses its mill, don’t expect a general crash in house prices.
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September 1st, 2010 at 3:47 am
To me these days the housing market is just all over the place! Seems to me like it’s best just to hope that you bought your house at the right time to be able to rest comfortably, but you know… over time everything will take care of it self, as least history has shown as that with inflation.
Till then,
Jean
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September 6th, 2010 at 9:49 am
Wow, that is really real estate growth ,everything people will take care of it self and always find low housing price.
September 13th, 2010 at 7:47 am
very ridiculous house pries in Uk. It sure that the rate of real estate property never remain equal. But I my life i never seen so much ups and down…………..
October 6th, 2010 at 10:50 am
What is the amount of appreciation one can expect of house prices in nerul, kharghar and panvel area?
October 6th, 2010 at 10:56 am
I don’t think you’ll find that special price you’re looking for in the bay area anytime soon. Be really careful with any deals you see or heard about. Make certain everything is exactly the way you want it to be.
November 13th, 2010 at 10:41 am
That is quite a sharp amount of variancy. But I agree that it’s definitely surprising that the prices are so high. One hopes they come down again to something normal. But hard to be sure really.
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December 8th, 2010 at 5:32 am
i was wondering if anybody could tell me about an offering price on a house whose guide price is £160000 - £170000. how much should i offer first and what is the ideal price????
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December 23rd, 2010 at 10:39 am
The house price problem in the country last 3 Year the house price are in cress very high.
January 1st, 2011 at 1:23 am
Seems to me lately things are slowly starting to fix themselves but I don’t expect a full recovery until sometime around late 2011.
-Jean
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January 5th, 2011 at 10:21 am
Your best (and possibly only) leverage is to walk away from the deal. If you and he can not agree, look somewhere else. As a last resort you can tell him that you will pay so much and not a penny more and he has 4 days to accept your final offer. If he declines you have to look elsewhere.
January 5th, 2011 at 10:22 am
like you don ‘t want the builder to actually make anything for himself. I see this selfish attitude all the time on the part of buyers. They only look at the actual cost of the item being sold. It doesn’t seem to occur to them that the seller is selling as a job or profession and he has to feed his family and pay his mortgage etc. etc. on what he makes from his selling.
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February 9th, 2011 at 5:49 am
i do don’t know house rate in Canada, so how much house price in Canada !
February 9th, 2011 at 6:56 am
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March 1st, 2011 at 1:10 am
It’s kind of interesting how some of these replies… are way outside of the topic at hand
-Jean
March 2nd, 2011 at 5:09 am
Unfortunately, that seems to have become the norm lately, Jean.
March 9th, 2011 at 6:29 am
House is a good things and good invest work in the time it is give the good money in the short time.and enjoy the life
March 23rd, 2011 at 10:46 am
What happens to house prices if gas prices rise?And if the value of the US dollar drops, what happens to the house price? Is it a good time to buy a house now or wait until after gas prices go up?Thanks
March 24th, 2011 at 4:27 am
I think that housing prices will continue to fall this year. We will see more foreclosures and prices will weaken. How can I protect the current value of my house without selling?Thanks a lot.
March 30th, 2011 at 8:16 am
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April 5th, 2011 at 9:57 am
I live in Massachusetts and I know there are people that will travel to your home to talk to you. I used to have the number but I lost it. Does anyone know what I’m talking about.thanks
April 9th, 2011 at 7:38 am
For instance in my tow the house prices continue to rise even though the average salary is too low to rent let alone buy a house. Also people are being made redundant in manufacturing and there is no new work for them.. Is it just a matter of time before we have a crash.Thanks
April 10th, 2011 at 9:56 am
House prices are unlikely to fall dramatically over the next few months - there simply isn’t enough property on the market to sustain hungry buyers. The time to watch will be when the reluctant landlords put their houses on the market and then there could be a risk of there being too many properties on the market.Thanks
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April 14th, 2011 at 5:03 am
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April 25th, 2011 at 10:56 am
From 1997 to 2007, the average price of a house increased exponentially from £58k to £198k. Even during the worst recession since 1929, prices have only fallen to £161k, which is still an extraordinary level given that the average wage in the UK is only £23k. Due to the fact that millions of young first time buyers have taken out crippling joint income mortgages, will these people now be unable to afford to have children?
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May 9th, 2011 at 12:19 pm
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May 10th, 2011 at 12:28 pm
The housing market is quite subdued at the moment and will remain so until the banks start lending again. Its so tough for 1st time buyers to get on the housing ladder, but no doubt this demand will build and fuel another mini-boom when they can get the finance.
May 12th, 2011 at 8:25 pm
this UK very costly .& house prices very high.
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May 24th, 2011 at 1:19 pm
Hopefully the houseing marketing will improve soon. Can’t get on the property ladder at all!
June 17th, 2011 at 7:43 am
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July 7th, 2011 at 4:26 am
i was wondering if anybody could tell me about an offering price on a house whose guide price is £160000 - £170000. how much should i offer first and what is the ideal price????
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July 13th, 2011 at 7:47 am
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-Jean
July 15th, 2011 at 5:49 am
I’m buy my house next year!
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The result is that it becomes increasingly expensive to live in a city and especially a larger percentage of income goes to housing. A balance will be reached, but except for occasional local craziness where a particular fad neighborhood gets way out of line, or a mill town loses its mill, don’t expect a general crash in house prices..
August 10th, 2011 at 11:51 am
I think that the house prices are increased by day and day and there are also many builders who have to raise them at a high level.
August 17th, 2011 at 8:21 pm
The hose prices are getting cheaper over hear
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September 1st, 2011 at 5:24 am
Good skill for house price ! it is very useful also for home broker.can you tell me How come NJ house prices arent falling like the rest of the any country?
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October 1st, 2011 at 5:19 am
These are depends ion the locations where are you want to buy the home and the rates in that area.
October 19th, 2011 at 11:15 am
Average prices didn’t change all that much, but now sit 6.5 per cent above where they were a year ago.
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November 1st, 2011 at 6:48 am
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November 9th, 2011 at 9:58 am
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November 15th, 2011 at 11:48 am
Please - house prices -give us a break for goodness sake. Boris MacDonut says it all. And if we are in for rising inflation, average earnings will follow and house prices will rise.
November 23rd, 2011 at 7:58 am
A friend of mine had to refuse a job offer recently because it was out of his reach to afford to even rent a house at the city where he’d have to work. Just shows how meteorically the prices are rising.
-Jean
November 30th, 2011 at 7:22 pm
Nice post…thanks for sharing your thoughts. Hope that we have some more folks add their input.
December 5th, 2011 at 6:55 am
Well, the same situation is happening in the USA right now. The thing though is there is a credit crisis going on right now. People taking out house loans that they could not afford, therefore losing their home.
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December 13th, 2011 at 10:55 am
Yeah tell me about it, impossible!
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January 4th, 2012 at 6:19 am
In such a big city, unless the area is specified or the maximum affordability from your end, how is it possible to answer this. Give details.
January 7th, 2012 at 7:29 am
The other unfortunate thing is a lot of old facilities such as old race tracks and the like that were once safely outside city limits are now having to be demolished as houses continue to encroach more and more outward.
-Jean
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