Moneyweek predicting price rises?? Sell now!!

NoelC

https://moneyweek.com/investments/property/house-prices/600840/the-biggest-risk-facing-the-uk-housing-market-right-now

Last time doom-mongers like Moneyweek and Capital Economics shouted buy was early 2007

They are at it again !

Should this be a sign to sell up now?

lisyloo

Property is a poor choice for speculation.
For a home there are obvious issues. Moving house is the 3rd most stressful life experience, people have jobs, schools and have personalised their accommodation and there are transactional costs.
For investment properties there are transaction costs and also the inconvenience of tenants who might not want to leave.

there could be a few people who are already thinking of selling for whom it could be convienent e.g. in between tenants.
in that case I think it’s a good time to sell.
thats because I think the Boris bounce will prove to be misplaced confidence, however I have a pretty poor record on predictions or gambling (fortunately I’ve not placed any big bets).
i certainly wouldn't listen to mags whose prime motivation is to sell magazines.

its a big gamble unless it happens to suit you to sell now.

phillw

lisyloo said:

thats because I think the Boris bounce will prove to be misplaced confidence,

I thought property prices were increasing due to lack of confidence in Boris.
House prices always go up when people think the stock market is about to tank and need somewhere to put their money instead.

PasturesNew

I'm buying. I desperately need a home, now. To know where I'll be living. 
If I were looking for another, an investment, a holiday place, I'd wait as waiting's not life critical.