In 2010 and 2011 was a fall in the houses price, so the entire housing market had problems across UK. Although this year in March houses prices jumped and there were sold many, there are still dark clouds over this field. Economists have predicted though that houses pricing will rise by 15 per cent over the next five years, but still there are others who have a different opinion and who do not trust this forecast too much. They say that this is actually the start of a slow crash that it will not be observed by many. Nonetheless, experts claim that the houses prices will grow from 2012 to 2016 by 15%, but the pricing will be 10 per cent lower than the middle of 2010. Moreover, experts claim that the prices will be flat in 2012, there will be a 3 per cent decline this year and houses will not dip by more than 5 per cent.
Those who will want to move from their houses, will have problems as it will be expensive. There will be a stand-off between buyers and sellers, the first ones trying to rise prices and the second part to cut them. Many people ask themselves if it is reasonable to buy houses in this period of time. The houses market is still fluctuating and many of them do not know what to do, being confused about what is happening. Experts claim that if people will find a good deal and a great rate, buying houses now is a wise decision.
The reasons consist of great mortgage rates with a 25% deposit, good rates for people with 15 per cent and 10 per cent deposits. The decision to buy or not houses also depends on how long buyers plan to own the property. Buyers should also take into consideration if they will use the houses as an investment or as a home. Moreover, they should ask themselves if the houses they want to purchase suit them and if they can pay them.