When Will House Prices to Start to Rise?

The value of an average house in the UK has beenThe government do not have the confidence in the
decimated over the last couple of years and theretop management of the financial organisations and
seems no end in sight to the current downturn that wetheir support staff who after all were one of the
are in. Many people including home owners, landlords,potential reasons why we are in this mess.
estate agents, insurance companies and estate agentsUntil confidence returns then house prices will continue
are all asking the same question; when will all of thisto fall. So how long will it take for this confidence to
doom and gloom end?return? Well I personally believe that it will not be until
Confidence is the key in my humble opinion. At thethe end of 2010. Yes that may seem like a long way
moment banks and building societies do not have theaway but we are in a big mess and it will take a brave
confidence to lend money whether it is for thegovernment to take the huge step that will start to
purposes of a commercial or personal loan. Many wellsolve this massive downturn. What huge step is that?
run small businesses have gone to the wall throughWell the main problem is due to the lack of credit,
being unable to gain the credit they require, this in turnwhat is the point of bailing out the banks to the tune of
results in people losing their jobs.millions if they then are unwilling to lend the money?
The general public do not have the confidence toNone whatsoever. The answer is for people and
spend their hard earned money as they are panickingbusinesses to be able to go direct to the government
about the future. The public do not have theto borrow the money, the government will underwrite
confidence in the banking sector and are thereforethe loans etc.
stashing the cash under the bed, just like the old days.