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Predictions please?
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both i think slowly for the moment then a drop then a rise later in the year,but i think they are ALL to expensive
Down. Disposable income will reduce due to borrowing becoming more expensive and fiscal tightening.
small falls til spring as per seasonal effect. during spring a season that usually sees interest and activity will be eratic with all eyes on the election. Post Summer the fun will really begin as the medicine is administered. Expect a slump through autumn and winter with a levelling off by this time next year/spring.
All imho & if we hit a proper currency crisis then it is all just screenwash anyway.
All imho & if we hit a proper currency crisis then it is all just screenwash anyway.
If Brown wins again (unlikely I know) then they will soar in nominal terms but fall in real.
i think they will go up, as will inflation, as will interest.
Most people seem to think they will go down....interesting!
i think it depends where you live, the smart money is on rises in popular areas, others will remain static
Outside London and the South East down for the foreseeable future.
With inflation at 2.9%, a real fall, if not an absolute decline seems likely.
There do seem to be a few factors which would put downward pressure on prices:
Possiblity of an imminent rise in interest rates (last MPC meeting only voted 5-3 in favour of keeping rates on hold)
More stringent affordability tests placed on borrowers
Stagnant wages vs increasing inflation
More onerous tax rules for buy-to-let landlords
New Stamp Duty rules
There do seem to be a few factors which would put downward pressure on prices:
Possiblity of an imminent rise in interest rates (last MPC meeting only voted 5-3 in favour of keeping rates on hold)
More stringent affordability tests placed on borrowers
Stagnant wages vs increasing inflation
More onerous tax rules for buy-to-let landlords
New Stamp Duty rules
Couldn't care less.
House prices go up and they're unaffordable.
House prices fall and you can't get a mortgage.
If they keep falling, house building stops, mortgages are withdraw altogether and the private landlords with their cash move in and snap up all the bargains to rent out.
With rising prices at least people have the chance to get on the housing ladder.
House prices go up and they're unaffordable.
House prices fall and you can't get a mortgage.
If they keep falling, house building stops, mortgages are withdraw altogether and the private landlords with their cash move in and snap up all the bargains to rent out.
With rising prices at least people have the chance to get on the housing ladder.
House prices are related to Housing Benefit; the level of HB tells a potential buyer how much income he can expect at the worst. The market is broken because the tenant doesn't care how much HB passes up to the landlord but, without root and branch reform of Housing Benefit, there can be no significant down pressure on prices. It's too easy for the landlord.
Having said that, house owners have had their assets devalued as a consequence of the Brexit vote. Although many houses are worth slightly more in £ than a year ago, in the wide world they are worth less now. But we're all worse off from that perspective.
Having said that, house owners have had their assets devalued as a consequence of the Brexit vote. Although many houses are worth slightly more in £ than a year ago, in the wide world they are worth less now. But we're all worse off from that perspective.
Down. the rapture will take away all the Christians - so a lot of empty
houses.
houses.
A bit tenuous saying we are all worse off because our houses are more expensive to foreigners, UB. When did UK house price charts ever adjust for exchange rates?
A good side effect if it puts them off tho.
A good side effect if it puts them off tho.
If the pound is weaker, then UK properties will be cheaper for foreigners won't they?
Brexit.....Pound weak. Cheaper for foreigners to buy. Greater demand. Higher prices. House worth more.
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