UK house price to crash as global asset prices unravel

anchovypizza

THE TELEGRAPH

UK house price to crash as global asset prices unravel
Asset prices around the world are collapsing as the global economy slows and UK housing will not escape
By John Ficenec
http://www.telegraph.co.uk/finance/property/house-prices/120...

House prices have broken free from reality and defied gravity for far too long, but they are an asset like anything else, and there are six clear reasons a nasty correction looms in the coming year .

mystic_trev

House prices have broken free from reality and defied gravity for far too long, but they are an asset like anything else, and there are six clear reasons a nasty correction looms in the coming year .

http://www.telegraph.co.uk/finance/property/house-prices/12087971/UK-house-price-crash-looms-as-global-asset-prices-unravel.html

Prices 50% down by Christmas.......guaranteed.

© Crashy and Pizzaladdie

Mistermeaner

Idle speculation at best no different from what any of us may come up with.

I am no bear bull or ramper. I have a house I live in im not a landlord and don't care what my house is worth.

I do think the UK has a housing shortage and this does inflate prices, particularly in London se which just looks nuts.

However for me stagnation is the most likely outcome. There will be no huge drop as people will not take the hair cuts.

If circumstances arise that result in mass distressed sales then noone will be in a position to buy as lots more bad stuff will be going on. There is no circumstances that will see 10's of thousands of families out on the street leaving cheap.homes vacant for the few savvy cash buyers that may be around.

Those dreaming of a crash will be disappointed

That said if there is one and I keep my job I'll probably try and buy some cheap houses too - this is another point the crash wishers miss: if for whatever reason houses drop massively there will be plenty of normal people like me who would be in a position to buy and hence will prop up pricing anyway.

Thrugelmir

Sums up the global challenges. Being dismissive out of hand is valueless.

Mistermeaner

You could at least add some of your own words.
Plus there is already a thread on this

Mistermeaner

Thrugelmir wrote: »

Sums up the global challenges. Being dismissive out of hand is valueless.

My post was more than that one sentence so surely has value (even if you disagree with what I said)

Posting about part of my post is surely of less value

Why not tell us what you think

Graham_Devon

Mistermeaner wrote: »

That said if there is one and I keep my job I'll probably try and buy some cheap houses too - this is another point the crash wishers miss: if for whatever reason houses drop massively there will be plenty of normal people like me who would be in a position to buy and hence will prop up pricing anyway.

Many people say this. Whether it be in shares, metals or houses.

Meanwhile, prices crash. I doubt that that many people actually buy in a falling market. Good luck to you though if you do. It's a gamble really.

cells

The UK is many markets. Prices in half the country are cheap and are lower or the same as a decade ago

chucknorris

I really can't see it (I can't see London prices going up much either), prices will fall at some point, then go back up again, just sell when it suits you, problem solved. I will probably sell something in a few years, if prices crash, I'll wait until they are at a level I'm happy to sell at, it really is that simple. OK, circumstances might catch some people out, but that's life. But the main thing is that if you have no intention of selling (or to a lesser extent remortgaging), it doesn't matter if they drop.

mystic_trev

I think there will be a slowdown in the Property market, but it won't be this year. Too much pent up demand.

Crashy_Time

Mistermeaner wrote: »

A pretty cra p article. Idle speculation at best no different from what any of us may come up with.

I am no bear bull or ramper. I have a house I live in im not a landlord and don't care what my house is worth.

I do think the UK has a housing shortage and this does inflate prices, particularly in London se which just looks nuts.

However for me stagnation is the most likely outcome. There will be no huge drop as people will not take the hair cuts.

If circumstances arise that result in mass distressed sales then noone will be in a position to buy as lots more bad stuff will be going on. There is no circumstances that will see 10's of thousands of families out on the street leaving cheap.homes vacant for the few savvy cash buyers that may be around.

Those dreaming of a crash will be disappointed

That said if there is one and I keep my job I'll probably try and buy some cheap houses too - this is another point the crash wishers miss: if for whatever reason houses drop massively there will be plenty of normal people like me who would be in a position to buy and hence will prop up pricing anyway.

You don`t need to be out on the street for your house to drop in value, and any big uptick in unemployment will lead to us leaving the EZ, and as that eventually unravels interest rates will be pushed up. Leveraged BTL will take the biggest hit IMO.