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AvidFan

House Prices: Down By The Average Wage End Of 2011

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Very bearish article - even an EA saying house prices are unsustainable.

15% fall will be 20% by end of next year I guess. If I was to buy today I would 20% off asking price.

It's getting better. I'm not sure inflation will kick in early and high enough to make PWC and the other "house prices to trade sideways for a decade" predictions come true.

If I had to guess, I'd say 2011 will be the year to negotiate - hard - with a tiny bounce in 2012 and some inflation-masked falls in 2013 onwards.

Edited: I could be a little early on the inflation day-saving scenario. We could see falls in 2011 and 2012 with a small inflation-induced bounce in 2013 and flat in 2014 against rising (>5%) RPI.

Edited by AvidFan

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Was chatting to my mum the other day. The first house my parents lived in (3 bedroomed terrace, 1965) cost £350.

My fathers wage at that time, given that he had a fairly low paid job, was around £750 PA.

Prices need fall a hell of a lot further.

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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