Why do some people still buy property in the UK ?

To live in? "Property prices are to fall for about 25% in the next couple of years." so you say, and others, but you don't know untill it happens. "additionally the coming environmental laws will make it necessary to replace windows" people have been fitting UPVC windows for years, whats new here? "insulate the walls....which is quite costly" - thats your opinion, as wall insulation often has a grant and will pay itsellf back. "Almost all property in the UK is also bought using a mortgage" as most people don't have enough savings to buy out right. "so the buyer does not only loose money because the property value is decreasing" - you are wrong here, just because the cost of the house falls, no money is lost. the mortgage payments stay the same. "but also because of the interests paid to the bank" - thats because you borow the money, you get to keep the house after 25 years Are you suggestiong everone who was to buy a house lived on the streets instead?

Renting is dead money - this price drop is the first time in years it has happened and if everyone sits it out, property prices will rise again.

What a crazy question.

Because it's always nice to own your own home. I have never rented in my life - I bought my first property 20 years ago at a very young age - it was the best thing I ever did.

Ok then so we will all just magically move abroad then shall we...................

WE BUY PRPERTY AS IS WHERE WE LIVE , WHAT A STUPID QUESTION!!! IF WE DONT BUY THEN WE WOULD NEED TO RENT!! DUMB ***

because they need them now.

Sounds like buyers should be able to get a really great deal on a house now. Most people stay in their houses for an average of 7 years (at least in the U.S.), so the price will stay steady or take an upturn by the time someone is looking to sell, even if the values keep dropping in the next two years. Based upon your comments, you don't seem to understand that for a fixed rate mortgage, you pay the same every month for the length of the loan. What the house value does after the closing does not affect the existing mortgage. As time goes on, the amount of principle increases and the interest decreases, but the total payment stays exactly the same. Eventually you own the house free and clear with no mortgage involved, and then you have what for most people is their biggest asset in their life. The fact that you have to have insulated walls, etc. will also help keep your utility costs down, and adds to the value of the home. It sounds like you are just against buying a home in general, which is fine. There are others who would also prefer not to have the responsibility of home ownership. To not understand why someone would feel differently than you, though, means that maybe you don't understand all of the details about it. Maybe you could have someone who knows about mortgages or a financial advisor talk to you about how the numbers work out for your specific situation? Good luck renting or buying, whatever your decision may be!

You could rent and put the rest of your money in shares, or buy and pay mortgage. In some places you would be better off with rent and shares. House prices (where I am) in Scotland have not gone down in the last year, in fact they have gone up. So not ALL of the UK has gone down. If you are trying to buy your first property in England, for the next little while, is a good time to do so.