House Price predictions

Moneygrabber89

How do you guys predict house price will go in the future?

At a guess they will continue to go upwards long term however I know recently they have seemed to stand still or even dip a little bit.

The reason I am asking is because I am considering upsizing and selling my house. I feel now may be a good time with house process not that high and hopefully they will rise and if I come to ever sell the new home it will make money. I have added quite bit value to my current home with home improvements (had a recent estimate for mortgage completed).

I have no backing or evidence to back up my opinion but I was wondering if anybody could try predict how houses price will increase / decrease in the future. (maybe 1 year, 5 year, 10 year, 25 year forecast)

need_an_answer

This is a thread best suited to the debate boards rather than this one

Its been discussed multiple times there already.

Are you still considering the new housing development in Durham that you've previously asked several times about?

Hopefully you've at least decided on new v old as I believe that was another recent thread.

Seriously if you have a genuine dilema,posters are here to help you..but if you just want to wile away the hours on general chit chat over house prices you'd probably get a better response via a PM with our poster Crashy times.

davidwood681

Unless they build more houses or reduce population increases then they will not drop drastically for any length of time.

compHunter

Yeah I think stagnate for a while before ultimately rising again. Long way off a housing boom again though I think

Moneygrabber89

just a general question. nothing to do with new vs old etc.
Problem?

letitbe90

I think the bigger impact will be interest rate rises. BoE has already confirmed one later this year, how many more we may have in the coming years will definitely affect the affordability/profitability of the mortage itself. That will surely impact house prices? We will have to see.

need_an_answer

Moneygrabber89 wrote: »

just a general question. nothing to do with new vs old etc.
Problem?

No problem just if its a general question or debate its better suited to the board below us on the master list.

Request sent to move.

Moneygrabber89

not sure how to move. apologies

need_an_answer

Moneygrabber89 wrote: »

not sure how to move. apologies

hopefully a board guide will when they pick up the request.

The thing to perhaps consider in future when you want to set up a thread is pitching it on the right board...that's where you will get the best answers and a range of answers from those who regularly use that board,even dare I say answers from people who may have a keener interest in debating the topic you are posting about.

lisyloo

If you are buying a home then you should buy when you want/need and are able. Long term price will go up.
There are a couple of things in your favour if it's a home.
First any gains are tax free, there is no capital gains tax (CGT).


Also gains are geared. Let me explain that simply.
Let's suppose you put £10K down on £100K house.
You will get the gain on the whole £100K, but your investment is only £10K.


Also you need somewhere to live and in general financing your own home is going to be cheaper for a couple of reasons.
Firstly you are likely to do some maintenance yourself and possibly put up with things for longer so in general maintenance is cheaper.
Also landlords are in it to make money and do not provide housing as a service/charity so it's bound to be cheaper to cut them out of the loop.


There may be ups and downs, but in general housing will go up over the long term.

Moneygrabber89

Ok Thanks.

I rarely use forum and just started using again which is ovs related to potentially moving house.

I!!!8217;m not wanting hassle just opinions and didn!!!8217;t realise I was on the wrong thread. Moving forward I will try find the debate thread.