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Original poster

Inflation made house prices go from £3,000 to £30,000 to £300,000 - so how will house prices fall?

27 replies

SunnyV · 06/08/2022 10:55

Please can someone explain it to me?

If inflation makes the value of money less - then surely house prices will continue to rise?

OP posts:
Original poster
SunnyV · 06/08/2022 17:16

GuyMontag · 06/08/2022 12:40

@StorieAnna god, my parents keep going on about the 15% mortgage time lately. "Your mum had to go and get a job!" says my father, like it was the worst thing in the world. She worked a couple of hours a day as a dinnerlady. "It was a solution. Now I'm not suggesting you do that of course " says my father ... just as well, given that I already work 40 hours a week same as everyone else.

My mum is a bit like this!

OP posts:
SausagePourHomme · 06/08/2022 18:36

GuyMontag · 06/08/2022 16:09

@Qik the housing market isn't in the business of housing people. It also serves other purposes. Around six million people have multiple properties. A million properties owned in a roughly 75/25 percentage by domestic/overseas owners are clear second properties, ie not bought for the purposes of renting out and unoccupied most of the time. So there are plenty of actual properties. But ability to own them is skewed. Money isn't worth the same as it was and investing doesn't work the way that it did at the start of the century. So investments across all asset classes including property play out differently now, with little to do with scarcity value.

right yeah, so if the russians and chinese property owners decide to sell up, the second home owners decide to sell up etc, there could be a glut of properties on the market reducing scarcity and cause a drop in prices

is that likely to happen, short of legislation that forces it?

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