Say Hi House prices jump by almost 10pc in UK

2010 - If you are thinking of moving home or buying property in the near future in the UK, well now may be the time to do it.

All the indicators are there, (of course only) if your job is secure and you can raise the deposit required. Property prices are not going to be any cheaper than they are at the moment. We predict that property will remain stable throughout 2010 rising in price by another 5-10 per cent due to undersupply and more competitive lending. If I were thinking about taking out a mortgage, I'd do it now.

If you are waiting for any more huge reductions then you could be be waiting a long time. Everyone needs a house to live in. Recent published data shows that the tide is turning. (Although no one can predict what will happen with the election just around the corner.) Houses which would have been slow to sell in the boom years will still be lingering. If you don't buy now the best of what is out there on the market then you can bet your bottom dollar someone else will. People in the UK believe in owning their own home rather than renting and they will not reduce the asking price of their home: they'd rather wait it out and sell when the asking price is achieved. House prices come and go in cycles, we have had in the UK three major property booms since the seventies. The next big boom is forecast in 2014-2015.

Another point to remember is that the UK is a small island. You are not only paying for the house but the LAND. The amount of people living here outstrips the amount of homes which are currently in stock. As stated this morning in the BBC News, the UK is currently having a housing shortage, less homes are being built than are really needed.

Facts which we believe prove our point:

We are now out of recession (if only just, but it could have been worse).

House prices rise for seventh month in a row, says Halifax

Banks make money from charging customers at a higher rate than the rate they have borrowed. When interest rates rise (probably in the late quarter of 2010, although this is anyone's guess) then mortgage rates will follow suit, although remember mortgage rates may rise even if bank interest rates do not. If you feel brave then trackers are a wise choice.

Read from The Telegraph about...House prices edged back to more familiar territory after almost producing a double digit return.

SayHi.co.uk

2010 - If you are thinking of moving home or buying property in the near future in the UK, well now may be the time to do it.