UK house price to crash as global asset prices unravel

CLAPTON

assuming the population of london increases by about 90-100k this year, it's likely that they will cause house prices to rise

Crashy_Time

Let`s face it though, it is a great headline, and the sort of thing that people who don`t frequent property forums will respond to at an emotional level. The problem with the resentment towards the HPC website is that some people posting on here just don`t want the "crashists" to be right above all else, and this blinds them to the actual economic realities. Do you actually believe that society will come to a halt if UK property prices correct? The first thing that will happen is that all the EZ migrants who are not totally embedded here will be sent home and we will break ties with the EZ except for trade agreements.

Crashy_Time

CLAPTON wrote: »

assuming the population of london increases by about 90-100k this year, it's likely that they will cause house prices to rise

No, what is going to happen is that BTL is no longer viable, and many will try to sell up, and there will be a backlash against the amount of people trying to come and live in London and the UK in general. If the PTB don`t play it right we are going to be parting ways with the EZ IMO.


The stage we are at is that probably for the first time since he started posting on property forums Hamish has a house that is losing value, and the Telegraph are running headlines that read like HPC website thread titles! Happy days! :rotfl:

anchovypizza

Mistermeaner wrote: »

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

Check the times DH

mwpt

Crashy_Time wrote: »

No, what is going to happen is that BTL is no longer viable, and many will try to sell up, and there will be a backlash against the amount of people trying to come and live in London and the UK in general. If the PTB don`t play it right we are going to be parting ways with the EZ IMO.

The stage we are at is that probably for the first time since he started posting on property forums Hamish has a house that is losing value, and the Telegraph are running headlines that read like HPC website thread titles! Happy days! :rotfl:

Why are you concerned about Hamish? This thread isn't about him.

IMO, what it would take to see real, proper, crash sized falls in London prices, is Brexit, a run on Sterling and subsequent interest rates hikes to > 5%.

A minor correction could occur through more BTL restrictive measures, slightly higher interest rates in the UK and a credit crunch in Asia.

anchovypizza

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.

Yep

there is so much more depth to your inarticuate rantings

Strewth!!

anchovypizza

This really is the end game with a number of triggers that can set off an avalanche of various collapses around the UK/world, including the UK housing market.

Even in a couple of hours another 7% Chinese stock market collapse could well set us on our way. It is just laughable that the last remaining enclaves can nor see it.. yes you lot and a few others

Mistermeaner

Graham_Devon wrote: »

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.

If people don't buy then people also dont sell as it takes two to transact.

My point stagnation not crash

wotsthat

Another day, another ticking time bomb.

wymondham

Interesting article, and maybe in years gone by it would apply - you know, the days when the market decided factors..?

It overlooks one minor point in that UK Govt will not permit house prices to fall. High house prices are good for you, good for your neighbourhood, good for the dodgy foreign company buying them and good for Britain!