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Is it wise to buy a house now please ?

Is it wise to purchase now or should I wait as house prices might come down , though it is in a good area ? 
TIA 

Comments

  • tacpot12
    tacpot12 Posts: 9,160 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    House prices are not likely to come down at all in my opinion. They might not increase for a while if the cost of living is affecting buyers and the amounts they can borrow, but there is a shortage of good houses, so buy one now if you can. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • Yes it’s wise to purchase asap
  • Enterprise_1701C
    Enterprise_1701C Posts: 23,410 Forumite
    Part of the Furniture 10,000 Posts Photogenic Mortgage-free Glee!
    edited 22 July 2022 at 8:06AM
    If you have found a house you want in a good area then yes.  Don't forget someone else might decide to buy it!

    You should not be buying as an investment, do not think of it that way.  You should be buying a home, one that you will use as such for many years (we have lived here for 37 years), don't miss out because you are umming and arring .
    What is this life if, full of care, we have no time to stand and stare
  • rincha
    rincha Posts: 54 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    House prices trend will ALWAYS go up, between 1-10% depending on what's happening in the economy/world etc. 

    Get on the ladder ASAP and look back on this thread in 3-5 years time and it will be one of  the best decisions you ever made. 

    ignore any dooms day people. 
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