Is this the predicted property crash

JoeK_3

With the recent stock market unrest, increases in interest rates and more predicted, increases in repossessions.

Is this the start of the predicted property crash?

Should we move or hold off?

JoeK

dunstonh

Property shares down around 15%-20% before the last few weeks. Prices of flats dropping. Some house prices in some areas dropping. Repossessions up and thats before the interest rate rises reallly take bite. More interest rate rises on the way. Property funds seeing massive outflows. Rental yields far too low.

I think all the indications are there to give it the potential to drop. Whether it will or not is a different matter.

Buying a UK investment property at this time though doesnt look attractive. Although that wont stop the inexperienced trying to jump on the bandwaggon that left years ago. Of course, if the inexperienced property investors start selling up or getting repossessed on a greater scale, it could start a spiral effect creating a significant drop.

It depends on how many have overstretched themselves with their borrowing. The greater the number, the more likely and larger the drop will be.