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Housing bubble

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  • Housing bubble

    Having watched the property market in Scotland at least for about a year, I can see the higher end of the market is moving really slowly - seems to be the cheaper properties that everyone's buying into.

    I figure that the bubble is over, and that we're looking at normal growth from now.

    The only issue is sudden weakness in the UK economy ahead - but I don't think we're really going to see much in the way of that for a couple of years yet.

    But with the recent REITs system to allow property investment proper, I can see this helping provide for a soft landing.

    Added to that, with the Olympic games coming up, I can see London being the source of continued early investment for that, which can only eventually ripple out, as people sell up from London and move out.

    As a first-time buyer, it's a depressing scenario - I really need deflation in the market to buy the house I'd like - and could have afforded 5 years ago.

    But it's becoming more and more plain that as a first-time buyer the imperiative is to simply get on the housing ladder first, and worry about getting a decent property second.

    2c.

  • #2
    Sorry to hear about your difficulties buying a house...maybe give it sometime. It can't possibley keep on being this terrible. Maybe Im too optimistic though!

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    • #3
      It's okay - I bought about 5 months later.

      All going fine now.

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      • #4
        hmmm...yup should have looked at the date haha :/

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        • #5
          No worries.

          I guess there's the point to underline that buying a property can seem daunting - but if you're going to do it, you just have to grab the bit by your teeth and do it.

          Notice how I see economic weakness coming, and the importance of just getting on the market because it was still chugging along?

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