House prices more affordable?

It has been on the news today where by people are saying that since house prices are falling, it will be better for people to start looking for houses right now. Well, there are many experts who are saying that it will be better off for people to rent a house or flat instead of buying them.

One good point of buying a property as you all know is that the property will one day belongs to the house buyers when they have finished repaying the house loan. It is not a problem at all. However, there are other expenses as in ground rent and council tax for starters. Most of all, mortgage plays a larger role over here as it is really getting expensive now days. Since house prices are falling, it will be best for people to start looking for a house now in the UK.

However, if one were to rent a property, you do not need to think about mortgage. After a fashion, you would think that maybe you need a house or flat of your own. Otherwise, the house or flat would never be yours and you only rent them. There are good and bad points in either owning a property and renting a property.