Taylor Wimpey out of the woods? : Mon Apr 06, 2009 12:59 pm  

It would appear so: http://www.building.co.uk/story.asp?sto ... newsletter

It would appear so: http://www.building.co.uk/story.asp?sto ... newsletter

: Mon Apr 06, 2009 1:05 pm  

Let's hope so.

All you millionaire Saints fans, start buying shares in Wimpey and buy an off-plan house on the Knowsley Rd site.

: Mon Apr 06, 2009 1:24 pm  

They were never in real trouble. In this climate, their land holdings dipped in value, but in 2/3 years it'll be higher than before so all the "losses" will be gains.

: Mon Apr 06, 2009 2:18 pm  

Saint Simon wrote:

They were never in real trouble. In this climate, their land holdings dipped in value, but in 2/3 years it'll be higher than before so all the "losses" will be gains.

Disagree re last part.

It will take a good while before economy recovers, by that time there will be 3-4 million unemployed.
That means few people able to pay for a mortgage so lower demand = lower prices.

Add onto that the fact that the banks have had fingers burned re giving out mortgages to people who shouldnt have them. The government will also be tightening regulatory controls on banks that will limit their ability to lend as much capital.

End result IMO will be a continuing drop in house prices for next 12-18 months then a levelling out followed by slow climb, that is more in line with wage inflation.

Ive read that it could be 10-15 years before prices reach the levels of the height of the boom period

: Mon Apr 06, 2009 2:46 pm  

The Chair Maker wrote:

Disagree re last part.

It will take a good while before economy recovers, by that time there will be 3-4 million unemployed.
That means few people able to pay for a mortgage so lower demand = lower prices.

Add onto that the fact that the banks have had fingers burned re giving out mortgages to people who shouldnt have them. The government will also be tightening regulatory controls on banks that will limit their ability to lend as much capital.

End result IMO will be a continuing drop in house prices for next 12-18 months then a levelling out followed by slow climb, that is more in line with wage inflation.

Ive read that it could be 10-15 years before prices reach the levels of the height of the boom period

In USA this could be the case as there is too many houses for people. Here though there is a 1 million home defecit, so the demand will alawys be there, basic supply and demand.

: Mon Apr 06, 2009 3:03 pm  

Property game is a mugs game, shoudl stick to utilites and stocks and gilts.

: Mon Apr 06, 2009 7:10 pm  

Supreme Sydney2002 wrote:

Property game is a mugs game, shoudl stick to utilites and stocks and gilts.

According to Supreme Sydney North West Property Magnate at RightStay.