Quote:
Originally Posted by Chris
I guess if some big financial disaster happens (recession, another northern rock or the tories got into power in a snap election) then prices might fall but I don't think they'd fall by much and not for long. Not here anyway.
I'll be remortgaging this year so I'm keeping a close eye on things as well but I don't think there's much to worry about, especially with regards to flats.
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Very true - my nephew just bought a 1 bedroom flat near Union Terrace for the "bargain" price of £132,000 - and there's not enough room to change your mind in it.
My lovely detached house didn't cost all that much more, has a integral garage and garden the size of a football pitch.
I'm only a few miles out of Aberdeen - I just refused to pay those crazy toon prices!
Like Chris says, I wouldn't worry too much about house prices up here.
Ps - We just changed our mortgage a month before Northern Rock went tits up!