UK house prices continue their long, slow drift lower

AG47

GreatApe wrote: »

Id be fine with 10 years of no hpi and 3% wage inflation

Vs wages property prices would be lower
But its still better to buy today and pay 2% mortgage rather than 5% rent

What about ten years of continue slowly falling property prices in real terms and big inflation I everything else.

We are seeing shrink flatiron in food, smaller packages for the same price, so huge inflation per 100grams

lisyloo

AG47 wrote: »

What about ten years of continue slowly falling property prices in real terms and big inflation I everything else.

We are seeing shrink flatiron in food, smaller packages for the same price, so huge inflation per 100grams

BOE are charged with keeping inflation in check and are doing a pretty good job.

We are not seeing high inflation.
I think the facts as measured by the basket of goods trump your desperation.

triathlon

AG47 wrote: »

In most cases, if you are in the market for a house, you’ll find that your wages are rising faster than house prices are.

https://moneyweek.com/510317/uk-house-prices-continue-their-long-slow-drift-lower/

The huge disconnect between property prices and wages is slowly correcting.

Either property prices come down in relation to everything else, of big inflation pushes everything else up nearer to property correct ratio.

Oh Dear!

OK, this is the way most honest people see it. From the late 1990's with a slight blip house prices rocketed to now probably being stable/slightly rising.

AG47

triathlon wrote: »

Oh Dear!

OK, this is the way most honest people see it. From the late 1990's with a slight blip house prices rocketed to now probably being stable/slightly rising.

Why "oh dear?"

PasturesNew

The thing is, it's house by house, street by street, area by area.

I am looking earnestly for a new house - while I have seen a few that sold before they were even listed, or sold within a week - and while I missed out on one, there are equally others that have been on my list for 3-4 months, reducing by £25k-£40k on houses now priced at £310-325k.

Every house is different.

The reason I missed out was I am in a small chain - the others were already in rented. The seller's had their chain collapse when they had packed and were about to exchange to relocate 200+ miles away, so I didn't look like the best bet.

At the moment, the problem is people not putting their house up for sale; there's a shortage of regular/decent houses. There are shabby ones, oversized ones, new ones - but a shortage of "normal, every day houses" middle of the market stuff.

RealElement47

Has there been any recent predictions what will happen to property prices if a no deal happens on the 31 Oct?

triathlon

RealElement47 wrote: »

Has there been any recent predictions what will happen to property prices if a no deal happens on the 31 Oct?

Will hardly make a difference whatsoever, though yet again this will be used as the 1000th plus reason why they will fall this time according to some, everytime they have been proven wrong.

If we do get a no deal things will be a little jittery for a short time, but the property market will hold up, there's too much demand for it not to

RealElement47

triathlon wrote: »

Will hardly make a difference whatsoever, though yet again this will be used as the 1000th plus reason why they will fall this time according to some, everytime they have been proven wrong.

If we do get a no deal things will be a little jittery for a short time, but the property market will hold up, there's too much demand for it not to

Only a little jittery may be a tad optimistic do t you think?

A full on housing crash is too pesimistic, but probably the reality will be somewhere in between

westernpromise

I would think there'd be a fall in the value of agricultural land, as much of the UK's is used to farm stuff that is exported to the EU. If that gets hot by 40% tariffs that's going to screw farmers and will logically also reduce the value of their farms.

Buying farmland to reduce IHT (as it's exempt) has been a thing for a while so I guess anyone who has done that is exposed.

Zero_Sum

Outside of the London & SE bubble, house values are being eroded due to inflation
Here's the truth on housing
https://mynest.online/2017/10/17/887/

I really wish the media & politicians stop going on about the housing crisis lie.