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Old 16th April 2008, 11:11 PM
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My parents are in Bedfordshire and they are seeing a lot of houses on the market too. I think it's the press reports saying there's be the biggest drop in housing prices for 30 years. Almost makes me wish I was back there to buy some up - almost but not quite

What I don't understand is that property goes in cycles, so if people don't need to sell the house, it will gain in value again. Obviously it's a bit different if you are moving overseas unless you can afford to rent it out.

Locally here in South Australia people are selling too, but that's because they over extended themselves. Now interest rates are going up and people can't afford to live in the house they bought only a few years ago.

Regards,
Karen
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