House Prices in the UK since 1975
o.k. guys, since I have been living in the UK (around 4 years) I have been warning about the house price. It is never possible to predict a short term direction. But what you can do is to say that the Rents are not high enough to emphasise a house price like the one we are seeing right now in the UK. I still remember discussing NOKIA and almost everybody telling me Nokia doesn’t´ go down in 1999 (since my prediction it first doubled but then crashed down to 10% of its Value). Generally I can only recommend to see the website http://www.housepricecrash.co.uk/ before buying. And don´t expect the mortgage advisor or the estate agent to give you a correct prediction as their business is to SELL SELL and SELL
Have a look at the house Price chart and then watch the rather funny video regarding the house price.
[...] Even though I called the house price crash in the UK (I started reporting in November 2006, April 2007 and April 2008) I do not know a lot about the Chilean Market and anything stated above [...]