Trump Tariffs and UK Property

[NoviceVillager]

I realise it’s early days but do we think tariffs are going to have an impact on the UK property market?

We’re trying to buy at the moment but everything is so costly. I’m worried about buying at a peak then the arse falls out of the UK economy. At the same time we need somewhere to live.

Any thoughts or even wild speculation?!

Are you planning on moving twice in rapid succession ? If not then it’s largely irrelevant.

Probably it will be a long term positive. We will likley see the whole economy take a bit of a hit, including house values. That may stimulate a healthier housing market - at the moment it's very stagnant as prices are a bit too high relative to borrowing costs and earnings. . A little pain at first followed by a better functioning market would be my prediction. You've got to admire what he is trying to do for long term prospects for his country...

Mmmm... I think the Trump tariff effect will settle in a year or so as revised trade deals are put in place and certain manufacturers begin to fill gaps in the US.

Mid term I'd say the bigger risk is Rachel Reeves decision making unfortunately. At best property prices will plateau and I'm not sure interest rates are going to reduce as fast as predicted, as her spending plans will not help to lower inflation. Tax rises are on their way to add to the strain.

I agree with the previous poster - if you need a home now, for the longer term, then you may as well buy and appreciate a home is more a home than an investment. But I've seen better times to buy if you're after a quick speculation.

I’ve read an article about interest rates possibly falling quicker which may help mortgage rates. But who knows.

If you want to buy for security and a place you like just buy. There’s never a perfect time and no one has a crystal ball but if you spend your life worrying about what may happen to the property market you’ll never buy as some will always say we’re at the peak….but the prices just keep rising. Think how much money you spend renting too and they can end your lease when they want…. Security is king in my view, plus I don’t actually think property prices will fall as not enough stock.

We brought right bang on the start of Covid back end of 2019. Yup, loads of people saying it’s all going to hell in a hand basket and the world economy will be screwed for years. What happened? Prices up tens of grands if not hundreds since. There will never be a right time to buy. There will always be some sort of shock or unrest - brexit, C19, wars, recessions, stock market falling etc etc. Important thing is can you afford it and do you want it? Everything else is just noise in my view as long as you are looking mid to long term.