Russia/Ukraine

HotPantsCruiser

nicknameless said:

There was me expecting a question about how much to offer over on a property on the russia / ukranian border.

The media seem to be focussing on property closer to home.

https://www.telegraph.co.uk/property/uk/british-house-prices-will-suffer-side-effects-russia-ukraine/?li_source=LI&li_medium=liftigniter-rhr

TonyTeacake

HotPantsCruiser said:

hazyjo said:

There will always be something!

Just take a look back through some of the worries and panics on this board. As above, Brexit had loads putting it on hold. Then the pandemic... honestly, there really will always be something! It's not just a line!

The only thing that matters now is interest rates, they have been rock bottom throughout all these events.

It's not just interest rates that matter it is also affordability for mortgages has one of the above posts mentioned "High energy costs, and therefore higher costs for pretty much everything, will surely impact people's spending power".

Once all these kick in I think a lot of people will be thinking twice about there spending and will have to knuckle down. It seems a lot of people are in denial of house prices coming down but my take on this is house prices will be going down at some point in the near future and lenders will only be to aware of the risks involved.

lookstraightahead

To be fair op, whenever you buy you have to factor in cost of living and interest rates, as these (esp interest rates) only have one way to go.

Trouble is, lots of people haven't  experienced it yet.

Thrugelmir

NameUnavailable said:

Now that Boris has got rid of Covid 

Covid hasn't gone anywhere. Next mutation will pop up somewhere on the globe. To be transmitted again by long distance travellers in a matter of hours. 

deannagone

News to me that Boris 'got rid' of covid lol.  I thought he was just the PM!

It does seem that House Prices will remain high for a while longer.  I don't think a person should hold off buying just now.  

Mark_Michalowski

canaldumidi said:

Lyd00 said:

boxer234 said:

Your still going to need somewhere to live so renting or buying costs are going up.  

...., unless we think a crash is coming? 

Yes but not till 23rd November 2023.....

The sixtieth anniversary of the first episode of Doctor Who...? Blimey! I know it's a British cultural icon, but I didn't realise it was that powerful! ;-)

Mxx

HotPantsCruiser

TonyTeacake said:

HotPantsCruiser said:

hazyjo said:

There will always be something!

Just take a look back through some of the worries and panics on this board. As above, Brexit had loads putting it on hold. Then the pandemic... honestly, there really will always be something! It's not just a line!

The only thing that matters now is interest rates, they have been rock bottom throughout all these events.

It's not just interest rates that matter it is also affordability for mortgages has one of the above posts mentioned "High energy costs, and therefore higher costs for pretty much everything, will surely impact people's spending power".

Once all these kick in I think a lot of people will be thinking twice about there spending and will have to knuckle down. It seems a lot of people are in denial of house prices coming down but my take on this is house prices will be going down at some point in the near future and lenders will only be to aware of the risks involved.

Yes, you can offer all you want to "secure" the property, but if you need mortgage debt to actually buy the property the lender decides the price.