Are buying prices coming down?

[Chejai]

We are thinking of buying a place here, and have noticed that prices came down a bit a few months ago, but now they seem on the rise.  Anyone got an insight into trends of what we can expect in the next few months?

[Zorro]

If you are buying for your own use no point in waiting as all yo are doing is paying your landlords mortgage so the sooner you buy the sooner you are paying your own mortgage rather than your landlords... simple as abc...

[JEFF LAM YUET]

as long as the interest rate is down, there is no point to have big drop, but also beware of the europe economic crsis has not yet came and it may have some impact near the end of the year, as Zorro said, it is always ok for owner occupied, and welcome to live here in TC!!!

[garyhk]

Paying rent is really a waste of money; I would recommend go for it as Zorro suggests.

Scenario plan around interest rate rises as they will go up over the medium term, but the money you will have saved by not paying rent will more then compensate.

Good Luck

[Spirit]

If you have a foresight that your mortgage will be not more than 70% of the average rent forecasted over the next 5 years and it is for your own consumption, just GO-FOR-IT now.

Consider the 3 Rs :

RESALE-ABILITY - This means how soon can you sell (in weeks / months / years....)?

RENT - ABILITY - This means how soon can you give it on rent and for how much?

RISE-IN-PRICE (APPRECIABILITY) - What is the appreciation that you can expect in 2 / 5 / 10 years from your date of purchase?

[DrBubb]

Prices may be firming a bit.

We have one for sale, and I have been getting several calls in the last week or so,