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classixuk

Is Real Estate Yesterday's Asset Class?

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Just found this and thought it was interesting...sorry if it's been posted before.

http://www.ameinfo.com/68338.html

The UK property scene, for example, is in a state of denial. The fact is, pure and simple if you want to sell a property today you will need to knock 15-20% off your imagined peak price. Otherwise, you will not get a single buyer - and indeed that is why many would be sellers report waiting months without a single enquiry.

But as soon as somebody does sell at this new, lower price a benchmark is set for the next seller - or the person who just has to sell because they are moving to another area. And so prices continue on down, as the seller who took a lower price will expect the same when they buy!

There are some good links from the site to other stories too.

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  • 301 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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