OBR: House prices set to fall by 10 per cent – and may not rise until 2026, watchdog warns

7 comments
  1. If OBR says one thing, you can be almost sure the opposite is going to happen.

    Were they even once right about something?

  2. I bought my first home last year

    I would absolutely love for them to just stagnate for the foreseeable future

    It is unsustainable and a blight on our country that it’s so fucked.

  3. Good, I hope they fall. At this point I can’t see how the UK improves without an economic slap in the face to all the middle Englander’s who’ve been coddled by tories, grown fat on the property boom, voted away all the social safety nets and sold away all the businesses and institutions for a quick payday and put profit over public good for so long.
    We need a cold shower to wake people up to what’s worth investing in as a country.

  4. more obsession with endless growth and money-making – wouldn’t it be great if they could predict that everyone could live somewhere decent by 2026, instead of obsessing over profits and equity.

  5. Great. So those of us in the younger generation that have finally managed to scrimp and save enough to be able to get on the property ladder are now unable to sell without losing money or ending up with negative equity.

    These fuckers really can’t help but shaft the country in every possible way can they?

    EDIT: Just to clarify I’d rather they stay stable in order for wages to have a chance of catching up, not go down.

  6. Looks like this is the time. Call your GP and make an appointment to help wean you off of avocados and lattes. If you start now, by the end of the year you should be avocado and latte free and finally in a position to save money for the deposit.

  7. House prices falling by 10 percent of current prices brings us back to 2019 levels. It’s not a massive drop. They rose so steeply during COVID.

    A slowing would be fine. But wages absolutely do need to rise to catch up. They haven’t gone up in 15 years.

    The problem isn’t so much the house prices. It’s the fact that wages are absolutely bottom of the barrel in this country.

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