If you’re a UK homeowner like me, particularly one that bought in the last 5 years, I’m sure you’re miserably aware just how much property prices have fluctuated since the credit crunch.
With reports published within days of each other giving seemingly contradictory accounts of house price movements, can anybody actually claim to be sure of what’s going on? Of course they can’t. The picture’s way too muddy, even for the experts. If you didn’t realise that already, here are three reasons why you just shouldn’t listen to any more reports on 2011 house prices…
Let’s face it. For nearly every reader of this blog, the housing market has served up just about the least rewarding outcome we could have hoped for. First time buyers are in as sticky a situation as ever. Home owners are still nervous about shifting house prices. Buy to let investors haven’t seen the growth they were hoping for. But if we’re all losers, who exactly are the winners?
That’s when it occurred to me. Who exactly is this market pleasing?
There’s a popular belief about UK house prices, and it goes something like this:
House prices formed a bubble in the mid-2000s, which burst in 2007-2008
The resulting fallout nearly ruined some of our big banks
Now we’re in a post-bubble phase where house prices are back to normal
But if that sums up your view on the housing market, you’re probably believing a myth.
Have you dreamed of owning your own home but ended up moving back in with the
parents? Or spent years throwing money down the drain in rent?
You’re one of several million who are struggling to even get a glimpse of the property ladder, let alone get on it.
The European Union high court has ruled that car insurers cannot differentiate contracts based on gender since it would amount to sex discrimination.
