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    Il prezzo medio delle case è diminuito di £ 10.000 in estate, reclami giganti immobiliari

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    1. qt_31415 on

      There are so many probate properties just sat on the market, over priced considering how much building work costs these days, with inheritors refusing to drop the price. Most are at least 50k overpriced if not more.

    2. SevenNites on

      This is not good, if the house prices collapse it’d be end of the UK economy, we need more demand and less supply.

      65% of UK population are home owners, and their children will inherit their property wealth.

    3. marc512 on

      Well my area saw an average increase of £3k. So that’s good for the sellers… I guess I’ll keep waiting for an actual price drop.

    4. SearchImpossible8995 on

      The stamp duty reduction expired in April so that’s probably caused a bit of a drop as buyers pay a chunk to the government instead of sellers. Further to that, people are skint and pay hasn’t kept up with inflation. The older generation who lived through insane tax-free increases all their life think that trend will continue forever so their expectations of what they can get are way out of whack. I expect we’ll either see many years of the same nominal house prices while inflation makes them more affordable to the average worker, or there’ll be a crash soon, if it hasn’t already begun.

    5. hgjayhvkk on

      I’ve been ringing the alarm bells for a while now.

      Context. I sold my parents home last and the market was very active here in SE. I am now a FTB and when I compare the market to now. Its literally the opposite. Not as many listing.

      My theory is unemployment has ticked up in a way that has really impacted the market. Less desire to overpay. Now it looks like govt is about to raise income tax which will further reduce spending power.

      I am even looking for rental but I noticed London prices and outside London prices are virtually the same lol. I literally have to work from another country for a little while just to find nice affordable place to work lol

      UK is cooked

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