I prezzi delle case vedono la più grande caduta mensile per oltre due anni
https://www.bbc.co.uk/news/articles/c9dggnl4391o
di pppppppppppppppppd
I prezzi delle case vedono la più grande caduta mensile per oltre due anni
https://www.bbc.co.uk/news/articles/c9dggnl4391o
di pppppppppppppppppd
9 commenti
But Reddit told me it’s impossible to buy a house nowadays?
Average fall of 0.8% (still up 2.6% on the year, per article)
Small but travelling in the right direction at least. Good!
This has been known for a while, the UK property market is actually on a long term terminal decline and very little can save it. House prices dont rise as fast as inflation despite the affordability crisis. The UK has fucked itself into a corner where its heavily reliant on rent seeking but even that is no longer a profitable venture outside of scale (hence why there’s so many student accommodation and long term services apartments shooting up in city centres). Problem is salaries are so paltry, I dont think property in the south east will ever be affordable for average earners.
Its one thing I have to credit Americans for, their general population seems way more money savvy than we are. I’ve made a killing having my money in popular index funds (based on US and global shares) and have made far more than the returns on a property ever would. People seem to have turned houses into speculative investment vehicles instead of the long term stores of equity and places of sentimental and QOL value that they actually are. I feel that period of rapid housing value growth experienced between the 80s and 00s has come to an end.
Market around my way is very, very slow right now. Too much supply and not enough demand.
We’ve been on the market just over two weeks and had one viewing.
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Not where I am. House prices went up here. I bought my house in jan 2023 for 200k. Guy across the street with an identical house, just sold for 240k this past week. Falling less than 1% isnt any kind of win. a 40k increase in less than 3 years is insane. Theres no way the average wage increased at that speed in the same time frame, or even close to it.
The only fall I’ve seen (I’m on the lookout to upsize) is people lowering their asking price due to the changes to stamp duty in March
I found quite surprising that media is always portraying these kind of things as surprise. Everything from bills to groceries increased in price / unemployment among specialized individuals like IT folks are really high / layoffs and companies closing down are common these days. So idea that there are “magical buyers” who have nothing better to do than go and buy some overpriced properties is absurd. I don’t even know anyone who managed to sell their properties for asking price these days. Of course they are down.. like come on.