Why are people complaining so much about a fall in house prices. Many of us have been hoping for a fall in the price of property for a while - 28% according to a recent BBC poll. While only 22% hope they continue to rise and those are probably people who have recently bought property at some ridiculous price.

First time buyers have been praying that prices would fall or at least cease from rising at the ridiculous rate of the past ten years. Buying a house could become an option once again for young professionals as opposed to renting. Although mortgages are harder to come by at the moment a foreseen rate cut could mean that first time buyers can get their foot on the ladder earlier without having to save for another few years.

When the property market is slowing, as it is now, many people will benefit. Most people purchase a property as a long term investment. Therefore in the long run they can make a good return from their investment, as it was purchased at what could be coined a discounted rate.

The only potential losers from what I can see would be sellers who are possibly selling at a cut down price, however if the seller is upsizing then they too will be benefiting from lower house prices. The bargain larger house they purchase should outweigh any loss in value on the property they are selling, so win-win yet again.

Landlords could also benefit, even though there are bargains to be had that will eventually yield good profits many renters will still want to ride out the house price crash and see what happens meaning that the rental market will remain strong.

Well that’s my point of view on the subject any objections?

Related posts:

1. House Prices Continue to Fall
2. UK Property News July 15 2008
3. Property sales continue to plummet
4. Home Sales Lowest Since 1978
5. Property Market Attracts Bargain Hunters