House Price Inflation

[MoneyNeverSleeps]

UK house prices rise at fastest pace in two years…

Average price now just 2% below all-time high of mid-2022!

Where exactly? Links?

BBC news

Market pretty hot near me - SW London three bed terraces mostly over £1m.

House price growth at near two-year high www.bbc.com/news/articles/c4g9dx5y4vro

It was always going to be thus. I know mumsnet was full of posts of people not buying because they were expecting a “crash”. There isn’t going to be one and they will have sadly lost out.

Even high interest rates aren’t enough to push prices down by any meaningful amount. There’s always a bit of up and down but even 10% makes fuck all difference. Yet still some people think that £500k homes are going to one day be worth £250k and they will get some kind of bargain. They won’t.

Prices Have increased by massively where I live in NW …..they are worth more than they were in 2222

I want them to crash. I'm on the ladder so any crash will be relative to what I may move into in the future but I feel it's the only way kids will ever get on the property ladder

Having said that, it would cause a monumental financial disaster in this country but can prices keep going up like this!

I live in a popular SE UK area, I am shocked at the low prices of properties near me, they seem to have dropped by about 50k this year.

I've said it before and I'll say it again.

In the long term, property prices always increase.

Won’t happen.

The financial crisis was as bad as it got - down 18% and then bounced on monetary easing.

My area as well.

I live a popular SE commuter town. Honestly houses fly off the shelf. Only things taking any length of time are flats and mansions. Everything else is sold in days