What goes up has to come down! The problem is not knowing when property prices are about to fall. But who does this really affect? Who are the people that worry and concern about property prices falling?
The average homeowner has bought a property to live in, a roof over their family's head. So who are all the property forecasts and data for? And why are there so many reports? https://twitter.com/hashtag/propertyprice?src=hash
Why is all the available property price data available and what decisions are made from it?
Borrowing money has always been based on how much you can afford to pay back and how long it will take to pay it back. Borrowing against your property and this is one area where some groups of people will be interested. The more a property becomes worth less the higher the risk for the lender of getting their money back.
Do you have any views on why property price data is some important for so few people on a day to day basis? How much does it really impact on your life that your house has fallen in value by 1.7% last month but expected to rise in value by 5.7% over the next 12 months with a slight possibility it will fall over 15% in value in the next 3 years after which it will rise by at least 23%. In 2025 your house will be worth X
One thing is for sure - Estate Agents will sell a property whether it is going up or down in value!
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