Is a property market crash coming? And if so would it affect liveaboards?

AnotherJoe

OP, For the avoidance of doubt is this a boat that comes with a fixed mooring and lease for that, or were you thinking of just buying a boat? Two very different things.

Mutton_Geoff

There is a well known saying, “If it floats, flies or xxxxs, then rent it”.

lisyloo

Have you looked into the economics of it?
I saw one that looked attractive but the service charges were around £2k per quarter in London (that might have been morning as well) and that was before factoring is maintenance.

I think it’s a lifestyle choice rather than a money saving strategy in London.

Make sure youve factored in the mooring, service charges, maintenance and insurance and not that you’ll have to sell any valuables as they’ll be impossible to insure.
You’ll also have to sell/give/dump most of your possessions due to lack of storage space.

Believe me if this was an answer to buying, then London would be full of them.

Finchy2018

Lisyloo - London is full of them...

If you find one with a residential mooring (which aren't always transferrable) the boat it's self will have a huge premium attached to it.

Crashy_Time

KiraLB wrote: »

Yes, I'm kinda thinking the same. I don't really think the present stagnation would lead to a crash, more like people are just waiting and will be buying like craze after Brexit.

Unlikely IMO as the banks are being a lot more cautious now, but Brexit is really only a small part of the problem (if you think that cheaper basic shelter is a "problem")

https://moneyweek.com/484047/forget-brexit-heres-the-real-reason-the-uk-housing-market-is-fragile/

00ec25

AnotherJoe wrote: »

I think houseboats with a mooring where the mooring is on a long lease, would.

the mooring will, the boat won't.
It is no different to a car. yes there are classic cars, and yes at certain times classics have been an investment, but they always require extensive maintenance and the vast majority of cars/boats are depreciating assets, not appreciating investments

G_M

Mutton_Geoff wrote: »

There is a well known saying, “If it floats, flies or xxxxs, then rent it”.

are you geting confused with the Chinese saying:
"Anything that walks, swims, crawls, or flies with its back to heaven is edible."


??

KiraLB

No lease involved. We are looking to find a residential mooring on the non-tidal part of the Thames; bit further out from London but I do love the tranquility of that part. Or alternatively cc'ing on River Lea. It's difficult to find mooring and in the central they are quite expensive. Best choice would be a nice little marina or an island around Surbiton or Molesey.

KiraLB

lisyloo wrote: »

Have you looked into the economics of it?
I saw one that looked attractive but the service charges were around £2k per quarter in London (that might have been morning as well) and that was before factoring is maintenance.

I think it’s a lifestyle choice rather than a money saving strategy in London.

Make sure youve factored in the mooring, service charges, maintenance and insurance and not that you’ll have to sell any valuables as they’ll be impossible to insure.
You’ll also have to sell/give/dump most of your possessions due to lack of storage space.

Believe me if this was an answer to buying, then London would be full of them.

I have. And my husband lived on a boat for a year in London so we do have the practice.

KiraLB

Finchy2018 wrote: »

I lived on a boat for 2 years prior to buying a house.

Trust me, only live on a boat if you want to live on a boat and the lifestyle that comes with it. It's hard work, it's expensive, there is always something that needs fixing.

London is over crowded with boats, it will be very difficult to find a residential mooring which would be expensive so if you want to CC you'll need to adhere to the rules, which again is effort and time and in certain areas tricky to find moorings.

Boats are hard to sell so if there was a crash and you wanted to sell to get on the property market it could take months or years to find a buyer for your boat, more so if lots of people have the same idea.

Why did you give up. What type of boat did you live on? We/re looking into a barge. It is difficult to find mooring for it if you're cc'ing but many people on London Boaters said we'll survive. I'd still prefer to find a residential on the non-tidal Thames.

And yes it's a lifestyle choce, my husband used to live on the canals so we have a certain amount of experience and we'd like to go it a try. Still if it does not go all right we need to change and get back to land. Thus the question above - to know if we can sell it OKish if worst come.