Some months ago I posted my intentions to blog regarding the UK housing market.
I will begin with addressing some of the myths that are commonly cited with absolutely no backing, usually by vested interests (VIs) and home owners.
The First Myth: House Prices Always Rise
This is usually the first one pulled out by those VIs who want to motivate you to stretch yourself to get on the first rung of the ladder. Statistics prove the exact opposite. Certain areas will rise and fall depending on age population, land value, attractiveness of the area and changes in infrastructure just to name a few. Below is a graph of average prices in the postcode area I currently live (edited to remove address details):
Abandon All Fear 