Property Prices: How will yours fare?

Property prices will plummet over the next 12 months across the UK according to financial experts. With figures of a plunge of 10% being predicted homeowners expecting to utilise the equity in their property may find themselves in a position of having ‘negative’ equity before long.  This has two effects: those looking to get onto the property ladder may find the chance to purchase a home during the slump, secondly, those homeowners depending on the stability of property values could find themselves at a disadvantage.

Many independent women today hold property portfolios of their own as part of their retirement plan for the future so if you fall into this category what should you do?. Obviously there would be no sense in selling; but if you are in the position it may pay to keep an eye on the market if you are looking to add another property to your investment plan.  Bear in mind though that along with this drop in house prices, inflation along with interest rates also look set to rise.

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