Buying a property, is it for real

[New Homes Expert]

Originally Posted by finace

It's very confusing in the current environment to decide on the best time to buy property.

While its being reported that the house prices are falling down, in reality if you ask any estate agent / developer they insist that the demad has not been greater so there is no reason for them to reduce the prices. The situation gets even more funny with the mortgage providers throwing in tantrums.

What's the best course of action, buy or keep still till situation improve.

And, does it make sense to go for repossed / foreclosed properties.

The repossessed homes will be the cheapest but you will be buying into someone's misery.

Dont belive the estate agents they spin everything! Buy what you want at the price you want.