I timori che la caduta del prezzo della casa di Londra si diffonderà attraverso il Regno Unito
https://www.thisismoney.co.uk/money/mortgageshome/article-14966059/Fears-London-house-price-fall-spread-UK.html
di upthetruth1
I timori che la caduta del prezzo della casa di Londra si diffonderà attraverso il Regno Unito
https://www.thisismoney.co.uk/money/mortgageshome/article-14966059/Fears-London-house-price-fall-spread-UK.html
di upthetruth1
31 commenti
“Fears” only applies to a small portion of the population. Good news for most
Pretty much only applies to the super rich.
There’s many problems in the country and I don’t think stamp duty is one of them.
Another way to angle the headline is pricing affordability improved in Central London.
House prices won’t fall enough to compensate for the higher difficulty in getting a mortgage as banks tighten lending.
In the age of talk of wealth taxes it’s worth remembering that if you have the audacity to buy a 4 bed in London you have already paid the government about 100k for the privilege of a roof over your head.
I personally wouldn’t mind so much if I didn’t know it was going straight to some scumbag landlord to pay off his SDLT bill through housing benefit.
Slow stagnation or 1-2% decline per annum would be nice, a full-blown crash would not be good since all the millennials who mustered up enough to buy something will get hit in the face
House prices in London fell? Somebody needs to tell my landlord
It’s already happening in the regions, new house builders way off on expected sales prices. More listings than buyers…
It’s not just the Uk either the states got similar problems. Deep recession incoming
People will always need homes to live in. Wages have gone up quite considerably whilst house prices have been flat. It seems unlikely that first homes and second homes will be affected at all.
What will see a crash is what I call “status homes”, the £600k to £1mn house cause it has “big garden” or “period features”.
The correction will focus more on a home’s functionality and value. Home energy efficiency and maintenance costs will also probably take a bigger role. Much like the stock market when people move from unicorn speculation to just decent companies with a steady income stream.
I can’t say I feel sorry for the people wanting to £700k for their ex-council house that hasn’t had work done to it since the 1980s.
I sold last year. And still keep an eye on market where I sold and activity is complete opposite. Even when sold last year I had to reduce by 19k just to get it over the line and move to rental and realise the profits. I’m.bqzed in SE and its not looking good. Even with rates being cut. Not sure whats going to happen anyone selling at Inflated price right now must come back down to reality. With rising unemployment people are becoming less risk adverse
They’ll fall sharply and they’ll be a huge institutional Blackrock etc buy up. Welcome to the ultimate corporate landlord. Student accommodation for adult on steroids. This country has proven it self to be incapable of true enterprise and innovation and instead benefits generation after generation from a thinly veiled lazy aristocratic formulae.
They need to fall and I’m saying this as a home owner
I’ve been waiting my whole life for house prices to drop.
Lowest house building in a decade I believe.
Prices are probably still too high but ultimately we’ve added millions of new people and not built housing so I can’t see things falling that far
I can see how it might genuinely cause some people really serious trouble. If you got a 95% mortgage to afford a home in an overheated market, even a gradual or minor drop could see you in negative equity. This would make your mortgage renewal more expensive and prevent you from moving if you needed to move.
Having said that, a giant mortgage was obviously a risk they would have known about so we can’t be too sad if that it does materialise.
Good, they should fall slightly and that’s as a homeowner, my property 5 years ago was bought for 155k, it is now 195k, prices are ridiculous and it’s because of the lack of house building.
In my area we saw a grand total of 45 new homes with a population increase in the town of 20,000, demand way outstrips supply and the housing sector will continue to encourage more sugar cubes and fedoras behaviour as the government continually cuts important regulation to allow easier property purchase to stop the housing sector from collapsing.
Mishandled over decades and every section of the government is to blame.
Ohh dear . Is this what they call market manipulation. Start rumours prices will fall. Prices fall. Property is bought on the cheap by investors. Then spookily enough prices go back up. Well slap my thigh and call me Nigel . Never saw that coming
It’s only poetic that house prices fall, affecting most millennials who paid hand over fist for overpriced houses and will be in negative equity as a result. Are millennials currently the most fucked generation or what?
So that means more people can afford to live in London right? Right?
This would be terrible news. Imagine if the prices of pints or electricity fell as well, awful
It won’t because as soon as it looks like prices might fall then house builders get nervous and stop building and banks get nervous and stop lending and then problem solved, less supply and prices can continue their merry way back up again. The exact same thing would happen if prices dropped due to reduced immigration. The only way to break the feedback loop is to empower councils to carry out massive council house building programmes with no regard to market conditions.
The prime London housing market is somewhat autarkic. The main impact of this will be felt within London
How of that fear? No fucker can afford a house, they need to fall massively
Housing is to “house” people, not to buy for a lower price and sell for a higher price. If people are not sure that they will be permanently staying in a given place, they should rent in that place, and only buy their house in a place where they intend to settle long-term.
Why care about the “value” of housing in that sense? It doesn’t matter if my house costs 300,000£ or 2,500,000£ if I am buying the house to house myself and my family in it.
Good News: House prices are going to come down
Bad News: Everyone is out of job
The headline and the article don’t seem to have anything to do with each other – if prices fall, it won’t have much to do with stamp duty.
House prices continued to rise throughout Brexit, a global pandemic, a cost of living crisis and interest rates increasing over 5 points. Why would they crash now?
Undersupply + population increase + high difficulty of building = no crash.
London is less attractive a property market now due to WFH.
FEARS?
Are these the same people who fear poor people surviving starvation? surviving thirst?
Fear that kids in poverty _might_ not feel the pain of hunger?
Of course.
It will spread if crime is allowed to thrive like it is in London.
Meanwhile while [5 days](https://uk.finance.yahoo.com/news/bank-england-data-boom-property-market-114502354.html) the housing market was seeing a mini boom.
As a new home owner on a 95% mortgage. This scares me. – but I also know that house prices are way too expensive.
They need to drop. Gradually though. It can’t be a complete crash because there’s so many of us that would be at risk of losing everything.
Cool – I don’t mind if my house value falls 20% if it makes a bigger place 20% cheaper – that’s a much bigger saving