That’s what they want us to think! My cousin owns a fairly sizeable estate agency and let me tell you, he’s shitting himself.
“This bubble will grow indefinitely and you should definitely buy in now!” – Man desperately trying to cash out of a market that’s about to crash.
As soon I I read £950k and flat, I knew this article is imaginary.
Having spent the last 9 months looking for property in London, speaking to estate agents almost daily, talking about the market, I can assure you leasehold is absolutely NOT flying off the shelves.
Give it 6 months, fixed rates are still available for under 3%. Once they hit 4.5%, let’s see how many people are running to buy £950k leasehold flats.
Guardian really is toilet paper.
Bubble is about to burst and millions will be trapped in negative equity with rising interest rates, then comes the job losses and repossessions.
So many braindeads in this thread.
I suppose all the idiots want the UK to be concreted over to accommodate all the new illegals and whatnot, yet will still complain at the lack of services, countryside, congestion, food shortages… its so predictable its almost embarrassing.
UK needs to reduce population for quality of life, and become self sustaining for food and energy. Anything else is just pure insanity.
Newspapers have a vested interest in perpetuating the perception of a frenzied housing market.
Property ads are big money for the papers, this article is not unbiased journalism, it’s deliberate marketing.
let’s see how it fares in six months time
Demand is still way too high in most areas for their to be a crash.
Inflation will only decrease if the overheating economy can be forced into recession. Too many people are working so the labour pool is too small for the number of jobs. Recession means lower inflation means lower house prices in the end.
And estate agents are the worst criminals in all of this.
It’s all a bit silly right now
My 2 bed is +£75k in 5 years… wtf.
Inflation and market fears will encourage some to park more of their money in real estate, but that really only applies to the rich. Real estate for normal people will have to slow due to lack of funds. There won’t be a crash or anything but I would ignore this article.
I know it’s anecdotal, but I’m trying to buy a house and the market is crazy right now. I’m considering a very wide area and when the kind of place I’m looking for comes up, viewings are fully booked up within 24 hours, and under offer within a week. Places are selling for well over asking price too. One house I looked at sold for 600k in 2019, was up for 725k a few weeks back and sold for around 800k.
My best guess is everyone is expecting a hike in mortgage rates and for banks to offer smaller mortgages fairly soon, so there’s a scramble to buy and get a 5/10 year fix before that happens.
Estate Agents and landlords are jointly responsible for the housing crisis in this country. I hate the greedy bastards. I absolutely fucking hate them, with a passion.
A lot of buyers seem to be people looking to expand their portfolios and who will happily pay massively over the asking price just because they can. It’s anecdotal but houses near me are just not selling and have been up for months, those are all large houses that are not suitable for renting out though.
I’m off to the Winchester until all this blows over
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That’s what they want us to think! My cousin owns a fairly sizeable estate agency and let me tell you, he’s shitting himself.
“This bubble will grow indefinitely and you should definitely buy in now!” – Man desperately trying to cash out of a market that’s about to crash.
As soon I I read £950k and flat, I knew this article is imaginary.
Having spent the last 9 months looking for property in London, speaking to estate agents almost daily, talking about the market, I can assure you leasehold is absolutely NOT flying off the shelves.
Give it 6 months, fixed rates are still available for under 3%. Once they hit 4.5%, let’s see how many people are running to buy £950k leasehold flats.
Guardian really is toilet paper.
Bubble is about to burst and millions will be trapped in negative equity with rising interest rates, then comes the job losses and repossessions.
So many braindeads in this thread.
I suppose all the idiots want the UK to be concreted over to accommodate all the new illegals and whatnot, yet will still complain at the lack of services, countryside, congestion, food shortages… its so predictable its almost embarrassing.
UK needs to reduce population for quality of life, and become self sustaining for food and energy. Anything else is just pure insanity.
Newspapers have a vested interest in perpetuating the perception of a frenzied housing market.
Property ads are big money for the papers, this article is not unbiased journalism, it’s deliberate marketing.
let’s see how it fares in six months time
Demand is still way too high in most areas for their to be a crash.
Inflation will only decrease if the overheating economy can be forced into recession. Too many people are working so the labour pool is too small for the number of jobs. Recession means lower inflation means lower house prices in the end.
And estate agents are the worst criminals in all of this.
It’s all a bit silly right now
My 2 bed is +£75k in 5 years… wtf.
Inflation and market fears will encourage some to park more of their money in real estate, but that really only applies to the rich. Real estate for normal people will have to slow due to lack of funds. There won’t be a crash or anything but I would ignore this article.
I know it’s anecdotal, but I’m trying to buy a house and the market is crazy right now. I’m considering a very wide area and when the kind of place I’m looking for comes up, viewings are fully booked up within 24 hours, and under offer within a week. Places are selling for well over asking price too. One house I looked at sold for 600k in 2019, was up for 725k a few weeks back and sold for around 800k.
My best guess is everyone is expecting a hike in mortgage rates and for banks to offer smaller mortgages fairly soon, so there’s a scramble to buy and get a 5/10 year fix before that happens.
Estate Agents and landlords are jointly responsible for the housing crisis in this country. I hate the greedy bastards. I absolutely fucking hate them, with a passion.
A lot of buyers seem to be people looking to expand their portfolios and who will happily pay massively over the asking price just because they can. It’s anecdotal but houses near me are just not selling and have been up for months, those are all large houses that are not suitable for renting out though.
I’m off to the Winchester until all this blows over