It is suggested that house prices will even or decrease in 2012 compared to 2011. Analysts expect sales to stay low or even decrease from the past year. Some people predict that property prices will drop a little some are expecting property prices to drop by a massive 10% in the next 12 months. “What happens in Europe will play a big part in what happens in the UK if there is a fully blown euro crisis will effect credit availablitiy and the position of the banks” predicts Martin Ellis housing economist at the Hallifax.
But it very difficult to predicit what will happen in Eurpoe!
Most people feel that its going to be more of the same this year, i have a feeling that it will. With the growth of unemployment and the nation in a uncertainty regarding their finances people are relucantant to buy properties and some people will have to sell. As they keep saying its a buyers market out there if people have money and dont need to borrow from the banks.