Surely they must?!

[CPHB2021]

Do you think the crazy prices will drop?
Surely there must be a crash in the property market soon, it's just not sustainable. We have ( I think ) quite a healthy budget (400kish) and there are TWO properties within the vague area we desire. We won't even view them as both are horrible. Surely the prices cannot stay like this?!

www.mumsnet.com/Talk/property/4484455-So-will-the-prices-start-going-down-soon

Highly doubt it; there are never enough houses to go round. The rate of increase may slow down, and prices may even stabilise for a while but I can't see the value of property actually going down.

Property prices ;in most areas) fell after the 2008 banking mess. Beforehand, prices rise hugely then dropped substantially, because people could get huge mortgages easily then afterwards people could only get much lower mortgages, needed deposits, etc.

So it’s entirely possible that prices will fall again. I think it’ll be more to do with cost & availability of borrowing. When interest rates will rise to combat inflation, prices may well fall. So this period (last 18 months) would show as a big spike on a graph with a general upward trend.

Wether you want to put life on hold in hopes of a drop, or risk buying at the (sort term) peak of the market is an impossible choice.