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There is definitely a lot of uncertainty around the UK property market after entering the new season.
Director from Right Move, Miles Shipside revealed "Since spring started there hasn't been much bounce in the market. This is the first March in 4 years where we have witnessed a drop in the market"
Is it really possible that the UK property market could drop as much as 30%?
Although many property specialists are predicting that the market can only go in one direction the likely hood of market crash still remains low.
In the explainer video below we cover a number of property experts and their prediction on UK property prices post Brexit.
After taking a deeper look into the possibilities of market crash and experts all pointing in the same direction how do you believe Brexit will effect the property market and why?
At Keywest we like to look at the facts and the figures. With UK property demand at an ultimate high and supply of property available being at all time low, its unlikely we will see much of a drop in prices for too long.
It's not a Brexit issue
Houses in all major citys around the world are falling
They all got pumped up from 2012 to 2014 with money from qe bring thrown into assets, and now there is a huge disconnect in prices and values
I cant see a sudden crash per se but a long grind down of about 5% a year for the next 5 years, especially in the south east
Btl makes no sense in London anymore, for a 2-3% yield you can get an easier return with far less time invested from a defensive tracker fund ... if there is no capital growth as a London landlord you will be subsidising your tenants
You see the nonsense house price indexes trotting out minor falls in London of 1-3%... on the ground it is apparent that some parts have fallen over 20% since the peak in late 2015, I would say all parts have fallen by at least 5% in the last 2 years, and I can see it continuing in that vein for the best part of the next decade
Just my 2 pence worth
This is really a duplicate discussion because it has been discussed at length here many times already:The big bad ass Brexit brief for landlords
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**
Apologies Vanessa. Will ensure to do a thorough search next time. ;-)
If you want facts then look at Kate Faulkner (hope I have spelled it correctly) data. It is the best data I have seen as it is regional based. All the rest is national data and it get easier blurred.
The regional reports are not up to date?
Thought Kate’s stuff was pretty good and as up-to-date as possible?
What do I see in the NE a lot of properties that are not selling
I am starting to buy now again
my own feeling is we will see sales from landlords who wish to leave the sector I revived two calls last week from accidental landlords who are selling
my guess is my phone will ring more
if you have the cash and strategy we are going to enter a great time to buy
as long as I get 8% yeild I will buy
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.
Is that 8% gross or net?
I completely agree that now is a great time to buy, out of interest I assume you calc gross yield as annual rent / purchase price *100. But why dont you use ROI? I feel ROI is a better like for like comparison when thinking about where and how to invest as you can compare isa, pension, property etc.
Slowly working towards financial freedom