Do you want house price to rise or fall?

movilogo

Just a simple poll to see what MSE members want.

PS: Please assume rise means a value higher than inflation and similarly, fall means value lower than inflation adjusted figures.

Alaternatively, you can also consider

rise = average house price / average income => ratio going up
fall = average house price / average income => ratio going down

westernpromise

I voted fall because I'd like to upsize, but I'd settle for the abolition of stamp duty, which would be the equivalent of an 8% fall.

Carl31

fall initially, then rise again after a few years

riotlady

I don't own a house yet and would like to at some point, so fall.

GreatApe

House prices are set primarily by how well the local economy is doing

So I would like house prices to be 2x what they are in real terms, that would mean real wages and GDP would be up 2x

Of course that isn't likely to happen anytime soon but it could happen over the next 25 years

letitbe90

I would vote for it to fall due to demand and not due to average income going down or UK economy growing flat or being in a recession.

The worst outcome is recession/drop in income being the reason for a house price drop, because it just means it hasn't actually become easier to buy one.

LHW99

I voted fall, but I also think overall an equalisation (to some extent) would also be good.
Looks as if that has happened lately with the falls in the London area.
Probably means more large companies moving to the Midlands / North rather than everything going to London / SE.

westernpromise

I can't see large companies moving to the Midlands. Property there is cheap for a reason: nobody wants to live there.

The effect of HS2 will be an influx into London of people commuting from Manchester. There will be very little interest in the reverse journey. There's nothing to do or see in the north that isn't better in the south, plus the weather is better.

movilogo

London became so expensive now that even medium sized multinational companies are finding it difficult to expand in London. So they are looking to expand North of M25 instead.

Better economy for North (i.e. outside M25 for most Londoers) has started already. Milton Keynes attracted several businesses lately (it caused a huge parking problem though).

Gradually small/medium businesses will move out of London. If not moving out, they will not expand within London for sure.

Thrugelmir

Fall. Though any linkage with inflation has well and truly broken. Given that pay in general is lagging.

Likewise the UK needs to invest in wealth generating assets not just sell property to each other at highly inflated prices.

ukcarper

It wouldn't make much difference to me so I would like to see prices remain the same nominally/fall in real terms.

I also would like to see that happen because of supply/demand.