Well, all the advice is that house prices are falling and that there is no expectation of any price rise during the next year. There is a shortage of first time buyers as you need to provide at least 15% deposit to secure a mortgage. But why should there always be the expectation that house prices must go up ? Salaries are not going up and everyone is much more conscious about cutting costs. The cost of a house is increasingly outside the reach of people's incomes.
Ultimately most house buyers are looking for a home not just an investment. Sellers need to be realistic in their expectations if they want to secure that sale and buyers, if you can secure a mortgage there are some nice properties at a good price out there.
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Definition of gloom and doom in the Idioms Dictionary. gloom and doom phrase. What does gloom and doom expression mean? Definitions by the largest Idiom.
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