Reply to: Where is the UK property marked heading in this crysis?

[Martin@AS Financial]

As long as you are in it for the long term, my feeling is that you will be just fine. Of course, like any other investment there will be periods of up's and downs. The alternative is of course to rent but ultimately have nothing to show for it at the end of the tenancy agreement. Whilst this flexibility suits some, many people would prefer the security that home ownership provides.

Interestingly, the clients I have seen make the most out of property are those who bought during 2008-2011.

[fullyautomatix]

House prices are going to rocket because of all the work from home malarkey. And also there will be lots of hot cash waiting to be redeployed and houses are a safe asset class to park it in.

[HMRCWOT]

If a house sale is in progress it is going to get held up, probably by months. New viewings are going to all but stop (have you ever seen an estate agent who didn't have a tissue in their hand because of the cold they were just recovering from?) , no viewings, no buyey.

Sellers won't get the hint and won't drop prices, they will hold out for as much as they can get which will, of course, be diddly squat.

[scooterscot]

Noticed a couple of months ago on the espc a block of flats being sold as one lot. One shouldn't be allowed to acquire whole areas of the city like that.

Speaking of which, when is travel lodge going to get blasted? Like a caner they've spread everywhere.

[minestrone]

Areas like Central Edinburgh with 20% airbnbs will get hammered.

A lot of these will be owned on commercial portfolio mortgages.

[escapeUK]

https://www.contractoruk.com/forums/...ice-crash.html

Well its there now. Crashed <> closed down does it?

[BrilloPad]

It hasn't I'm reading it now. House price news, information and discussion - HousePriceCrash.co.uk

https://www.contractoruk.com/forums/...ice-crash.html

[escapeUK]

That closed down ages ago.....

It hasn't I'm reading it now. House price news, information and discussion - HousePriceCrash.co.uk

[jamesbrown]

Please let it go low enough to give young people something to aim for....

An asset bubble?

[BrilloPad]

Please let it go low enough to give young people something to aim for....

[BrilloPad]

God knows, but there will be a lot of theories on that house crash forum. Probably worth a read if you are interested.

That closed down ages ago.....

[escapeUK]

God knows, but there will be a lot of theories on that house crash forum. Probably worth a read if you are interested.

[mos]

Heavily down if we reach the point of significant job losses. It really depends how long it lasts. If it really lasts months, rather than weeks, then heavily down, because the gov't cannot nationalize the economy, Korbyn style, for very long.

It will go up, with the trickle down economy paradigm still in force.

[caffeine man]

Heavily down. I expect banks will be reluctant to lend in this environment


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[DimPrawn]

Houses will go up in price as more people want space and isolation from others.

Also, no one is building them anymore.

Boomed.