or should one wait six months? Estate agents keep telling me the market is beginning to move mainly as the result of speculators stepping into the buy to let market, but i think there may be a further fall .What say you?
"never try and catch a falling knife".
Research your chosen market and you will see when prices start to rise.
The last house price slump lasted about 4 years, we're less than 2 into this one.
Sit this one out mate, it's going to get worse before it gets better.
If I could be bothered, I could dig out the 2 or 3 posts I've made in General Chat in the last few years advising first time buyers to keep the hell out of property as it was about to go seriously pear-shaped. I seem to recall most of this fell on deaf ears at the time *sigh*
Although it's very bearish, I'd suggest poking your nose around in House price news, information and discussion - HousePriceCrash.co.uk, and listening to the predictions there.
"Bearish"?, biased more like, probably another of those Tory fronts like the taxpayers alliance. Looks like they pulled the post about there being a mortgage backlog straightaway.
Oh, unashamedly biased, but not a Tory front I can assure you. I've been reading it for years and they're extremely anti-establishment, anti-VI (vested interests) but have no particular political persuasion. Ok, there a lot of angry disenfranchised people there, but if you take this as a given when reading, it's a good news source chewed over by some pretty clued up folks.
For example, they predicted the Icelandic collapse 6 months before it happened last year.
If they've been called housepricecrash for more than two years, then fair enough. I've had a bit more of a look and they do appear to be fairly genuine.
You'd have to be very lucky to guess exactly just when the market has bottomed out. Then you'll hit the mini bounce as everyone like yourself tries to buy as they see the market value increasing.