A clear, rational analysis of the future of housing prices

Graeme7777

Sorry if you were fooled by the title of this post! I am in no way qualified to offer such an analysis.

However, I would like to know what people find to be the best source of sensible analyses of the UK property market? Is it to be found on a particular property website or from a journalist in one of the daily newspapers.

There is so much conflicting information out there that it makes my head spin!

halia

not in the media! try looking at analysis by economists who will attempt to track trends that indicate a housing price crash, for example trend towards interest rate rises leading to increase in negative equity and/or people being unable to meet new mortgage payments, leading to more repossessions.

Or rise in unemployment meaning fewer people can get mortgages etc.

Media stories are (IMO) the WORST place to get factual information!

Graeme7777

Thanks Halia!

I guess that a benign, slow-growing market isn't very newsworthy.

m00m00

remember also many journalists have vested interests

such as Rosie Millard with her BTLs, and some priced out journalists who are in favour of big falls of property in London.

tr3mor

halia wrote: »

Media stories are (IMO) the WORST place to get factual information!

But a great place to get an idea of the public sentiment.

Since the housing market is built on sentiment, the media is a very good indicator of where things are going.

WTF?_2

Graeme7777 wrote: »

Thanks Halia!

I guess that a benign, slow-growing market isn't very newsworthy.

Nor is it very likely.

Booms and busts are par for the course for housing markets (and most markets in general in our capitalist system).

moanymoany

The best way to see what is happening is to choose areas you are interested in and watch your local housing market. Get the local property guide and keep them from week to week. This gives you a way of seeing how much the reduced prices have been reduced and what has got offers.

Then there is Right Move. I cut and paste into word houses I am interested in. This means I keep a record of the prices - what is under offer and what is hanging around.

The pundits have said 1% and 2% falls but in my area it has been 5% to 15%. I dropped the price of my house by 7% and it sold very quickly. It was a cash buyer so we were happy.

merlinthehappypig

moanymoany wrote: »

The best way to see what is happening is to choose areas you are interested in and watch your local housing market. Get the local property guide and keep them from week to week. This gives you a way of seeing how much the reduced prices have been reduced and what has got offers.

Then there is Right Move. I cut and paste into word houses I am interested in. This means I keep a record of the prices - what is under offer and what is hanging around.

The pundits have said 1% and 2% falls but in my area it has been 5% to 15%. I dropped the price of my house by 7% and it sold very quickly. It was a cash buyer so we were happy.

You'd be better off installing propertybee. It will do all the work for you in a highly visible format. It makes using Rightmove a pleasure, which is saying something.

Highly addictive though..........

fc123

m00m00 wrote: »

remember also many journalists have vested interests

such as Rosie Millard with her BTLs, and some priced out journalists who are in favour of big falls of property in London.

Doesn't she run a small holding now? It loses loads of money but she props it up with her writing fees (PN writes better than her).
So pig feed doubles in price, she writes about it (in a middle England kind of way) and subsidises the feed with the fee.
She might have to relocate the pigs into the BTL's to reduce costs at some point.

fc123

tr3mor wrote: »

But a great place to get an idea of the public sentiment.

Since the housing market is built on sentiment, the media is a very good indicator of where things are going.

The same media that makes women feel like they are wierdos because their faces wrinkle post 40 or that having any spare flesh is a mortal sin?
TBH the media is just the same as this forum (or any other forum), in that , it's just opinions, conclusions and the rest, of a selection of people who happen to be able to write it all down.

tr3mor

fc123 wrote: »

The same media that makes women feel like they are wierdos because their faces wrinkle post 40 or that having any spare flesh is a mortal sin?
TBH the media is just the same as this forum (or any other forum), in that , it's just opinions, conclusions and the rest, of a selection of people who happen to be able to write it all down.

Except that newspapers have to make money. People will only buy newspapers if they agree with the headlines. You or I aren't making any money posting here.

Maybe that's oversimplified, but you get my point.