Brexit and House Prices

w00519772

I read a lot of hype about house prices in London if there is a brexit vote. I believe the chancellor said they could fall by 18% over two years.

However, there is not much information regarding predictions outside London. I live in the East Midlands. I was looking to buy during the credit crunch. I was waiting a long time. House prices hardly moved during this period, even though some pundits predicted big falls in my area over five years.

I am a home owner. Is there any predictions about house prices outside London?

I realize no-one has a crystal ball, but it would be good to see some predictions.

booksurr

since it appears you failed to act on the predictions you saw last time why do you think repeating your experience will result in a different outcome this time?

seriously, what sort of predictions do you think you will get on here ?

have you read the countless threads springing up about Brexit?
this is probably a good start point:

https://forums.moneysavingexpert.com/discussion/5484264

kinger101

I predict house prices will rise by 5.484924927% in the East Midlands over the next 12 months. If you're cautious, I should stress that that last digit was rounded up.

G_M

Last Thuusday, some people in government who don't know what's going to happen, asked a whole bunch of other people who don't understand, a question no one knows the answer to.

Now that a decision has been made, we will spend the next 2 years discovering what it means.

Any predictions, either before or since Thursday, whether by experts or the rest of us, are meaningless.

kinger101

G_M wrote: »

Any predictions, either before or since Thursday, whether by experts or the rest of us, are meaningless.

I'm deeply offended by that comment. I can assure you I was rigourous in my calculations, and even used a second beer mat to check my workings.

Miss_Samantha

G_M wrote: »

Any predictions, either before or since Thursday, whether by experts or the rest of us, are meaningless.

This Daily Mail stupidity, frankly.

Expert predictions and analyses are not meaningless. Of course they may or may not be right but they are much more informed than any random opinion anyone of us could have, and that makes them useful.

Thrugelmir

Miss_Samantha wrote: »

Expert predictions and analyses are not meaningless.

Pure speculation is the reality. No one knows. With enough experts there is always one who will be right.

anselld

Brexit has not changed the fact that there is a separate forum for crystal ball gazing.

cashbackproblems

Its silly to say for definate prices will fall by x% but what we can say for certainty is that they will fall. This is based on economic instability (billions wiped off stock market impacts us all through pensions/investments/job losses).

Miss_Samantha

Thrugelmir wrote: »

Pure speculation is the reality. No one knows. With enough experts there is always one who will be right.

That's a rather clueless thing to say.

Thrugelmir

Miss_Samantha wrote: »

That's a rather clueless thing to say.

That's what the majority of experts actually all say. As all their words have caveats, i.e. subject to.

Did you watch the film the Big Short. A few worked out what was coming. The rest just ignored the signals. Now it's history. The experts were trounced.