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The UK’s property market could be set to crash with some experts predicting prices in some areas dropping as low as £70,000!
The housing market in general has been in turmoil over the last few years but things could be set to get even worse as prices may drop even further. This uncertainty is taking it’s toll on homeowners as many of them are struggling to make a decision on whether they should count their losses and sell up now or hold on and hope the market recovers so they can get more out of the sale of their properties.
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Brilliant and unbiased infomercial there....haha
Omega Property (Formerly SBS Ltd.)
I am not professionally trained to give advice, generally posting for the benefit of the community or my own personal development.
Where is the nearest canal?
"Experience is a good school, but the fees are high."
Haha.. there wont be a crash unless the banks stop lending, prices are grinding lower every month though around my area of se London.. not by massive amounts though... I see stagnation for the foreseeable future... Brexit is only a minor factor of it in my opinion. Ordinary buyers being maxed out is far more relevant, and also a huge slowdown in btl buyers due to many ridiculous tax and law changes are much bigger factors.
They way I see it is that btl replaced the ftb ring on the ladder and also bought property on the 2nd and 3rd rung... take those away and the real ftb of today cant afford to get on the ladder at all... unless they use htb... which is the most stupid government policy in a generation
If you have a property worth £30K, you will be very happy that it will enjoy some up-lift up to £70K!
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
How many other areas down south are prices dropping ?, or is it mainly just London. Prices in Warrington are continuing to rise.
I have however noticed a surge in former rented properties coming onto the market in the last 3 weeks. There has also been 3 HMO's come onto Rightmove this last week in Warrington. I only spot them once or twice a year usually.
I think we are in a strange situation at present
London is from what I see is falling and as you move North They are Not in General
I think HS2 ect is pushing investors to look to the North and thats whats keeping prices up
How long will this last Im not sure ??
I remember something similar in the NE around 2004/05 we had a lot of money coming in from investors from outside the area
The crash of 2007 really hit them hard and I know I purchased some very good repo property in 2008/9
What is the old saying when you see a boom you have missed the opportunity
Manchester etc are seeing a boom so It would be the last place I would invest today unless the investor was buying very high yielding property
In the North East I don't see a Boom I see stagnation at best and property just not selling
My own view is Landlord's are not buying and the FTB are buying new homes
The Landlord took the place of the FTB
We live in interesting times - South falls in price, North grows in price - I don't think that has happened before.
This was based on an Express 'report' in 2017 predicting a crash in 2018.
It is historic but It is correct in 2019
London property has fallen so its right
and Interest rates will rise and we have not left the EU yet
And this is from a Housebuying company who can help buy your house before the crash! At a fair price obviously
LOL!! We welcome a crash as we can buy houses cheaper and rents likely to increase due to demand.
And as Vanessa pointed out the people who sold their house to us last week at £58k would have loved to get £70k!
You are posting so many negative articles on housing, I don't know how you sleep at night! You have even dredged up an article that is 2 years old in this case.
Property is correcting somewhat, but a crash is wildly over stated at this juncture. Employment is at record highs and interest rates are at record lows. Until we have a full blown recession, there won't be anything too serious. And even when that does happen, we will ride it out again as we did in 2008/2009. It was ever thus..