No sign of the Brexit house price crash

[BrilloPad]

If (like is happening) Brexit leds to a fast depreciation of the pound that might even help to bring house prices up, due to foreign investment. This will be more noticeable in big cities!

Anyway historically every 10 years there is a correction on the house market and the last one was 11 years ago, so one is due at any moment, with or without Brexit!

IF something, Brexit might work as a trigger for this correction...

2008 was hardly a correction. A minor blip. Last correction 89-95.

[BrilloPad]

If the £ keeps falling maybe we'll get loads of foreigners coming here and taking our houses.

They will buy the houses and leave them empty....

[CryingSheep]

There's not much of a crash because there aren't many houses on the market, and demand is high enough to meet supply. Sellers are not dropping their prices, so property is taking longer to sell.

We'll see a crash if there is a sudden glut on property hitting the market. An increase in rates could trigger this as affordability becomes an issue, but the government wouldn't be a fan of this as they know the value in our homes is what makes us feel 'wealthy', and they need us to feel this way to keep the brexit lie alive.

Nothing to see here. I never expected Brexit to cause a house price crash .... not sure if others did, but can't recall it being a major part of so called project fear.

If (like is happening) Brexit leds to a fast depreciation of the pound that might even help to bring house prices up, due to foreign investment. This will be more noticeable in big cities!

Anyway historically every 10 years there is a correction on the house market and the last one was 11 years ago, so one is due at any moment, with or without Brexit!

IF something, Brexit might work as a trigger for this correction...

[jamesbrown]

Stalemate, overall, I'd say. RightMove is a clowncar/asking price index though. Most decent/time-averaged metrics show prices are stable, overall, but increasing and declining significantly in some areas (NW vs. SE, for example).

Confidence doesn't cause serious crashes. Needs to be an actual shock to the real economy that increases joblessness and/or reduces lending, like MF tripping over his bulbous foot and causing an earthquake.

[Whorty]

Britons indulge in surprise pre-Brexit house buying spree | Money | The Guardian

There's not much of a crash because there aren't many houses on the market, and demand is high enough to meet supply. Sellers are not dropping their prices, so property is taking longer to sell.

We'll see a crash if there is a sudden glut on property hitting the market. An increase in rates could trigger this as affordability becomes an issue, but the government wouldn't be a fan of this as they know the value in our homes is what makes us feel 'wealthy', and they need us to feel this way to keep the brexit lie alive.

Nothing to see here. I never expected Brexit to cause a house price crash .... not sure if others did, but can't recall it being a major part of so called project fear.

[CryingSheep]

The house price goes up 1%, the pound down 2%.

Nothing to see here.

Only 2%? Since when? Yesterday?

[scooterscot]

The house price goes up 1%, the pound down 2%.

Nothing to see here.

[original PM]

So your brother just bought a house, therefore Brexit is a great thing...

Still can't see the connection...

Chetongueek

[stonehenge]

If the £ keeps falling maybe we'll get loads of foreigners coming here and taking our houses.

[CryingSheep]

My brother has just bought a house.

Seems this Brexit thing is not all it's cracked up to be....

So your brother just bought a house, therefore Brexit is a great thing...

Still can't see the connection...

[WTFH]

My brother has just bought a house.

Seems this Brexit thing is not all it's cracked up to be....

He'll have it paid off before the country is better off.

[darmstadt]

My brother has just bought a house.

Seems this Brexit thing is not all it's cracked up to be....

Is that because they're only £3 4s 5d now?

[original PM]

My brother has just bought a house.

Seems this Brexit thing is not all it's cracked up to be....

[NotAllThere]

Don't worry. If a house price crash occurs in ten years time, we'll still be able to blame it on the brexit.

[BrilloPad]

Britons indulge in surprise pre-Brexit house buying spree | Money | The Guardian