DOOM: House Prices

[PCTNN]

Is that good luck that you get turned down and don't buy just before a drop or !? I can't see it dropping much myself with such low interest rates.

it's a good luck to whoever is wanting/needing to buy a house now.

prices will drop more or less depending on the areas, but that's not going to last long; people are always going to need houses.

[GhostofTarbera]

it's a good luck to whoever is wanting/needing to buy a house now.

prices will drop more or less depending on the areas, but that's not going to last long; people are always going to need houses.

Affordable housing near me starts at about £750K for a 2 bedroom flat (10 min walk to canary wharf) must be 50K new flats in last 3 years and thousands more being or about to be built

Now canary wharf is a ghost town forever, now it’s proved we don’t need offices

Rents already down 30%

House prices will soon follow as people move out of the shires or get kicked out as not paying mortgages or rent


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[DoctorStrangelove]

FOaTw.

[Eirikur]

Let's hope it actually happens

[PCTNN]

Affordable housing near me starts at about £750K for a 2 bedroom flat (10 min walk to canary wharf) must be 50K new flats in last 3 years and thousands more being or about to be built

Now canary wharf is a ghost town forever, now it’s proved we don’t need offices

Rents already down 30%

House prices will soon follow as people move out of the shires or get kicked out as not paying mortgages or rent


Sent from my iPhone using Contractor UK Forum

That's why I said "depending on the areas" London is doomed; I'm actually surprised those ridiculous prices held up this long.

[AtW]

That's why I said "depending on the areas" London is doomed; I'm actually surprised those ridiculous prices held up this long.

Foreign “no questions asked” money

[Paralytic]

it's a good luck to whoever is wanting/needing to buy a house now.

prices will drop more or less depending on the areas, but that's not going to last long; people are always going to need houses.

If the banks are dropping valuations for mortgage purposes, the volume of people able to afford any particular house will naturally fall too. It'll come down to sellers willingness/need to sell at lower prices.