House prices prediction.

I predict house prices will come down but it's not going to have much effect on many other than the wealthy.

If house prices come down, this will also affect the house that you're selling. Also mortgage rate rises drive down the market price, so you'd be paying a higher interest mortgage. When the rates come back down, the house prices rise back up. Only the wealthy who can buy houses outright, without borrowing, would see the benefit of house price drops. The rich always get richer in a recession.

Market has frozen. Buyers are waiting for prices to drop and sellers just waiting it out. The only houses dropping prices are the ones which are distressed sales. Prices will fall (probably in London & south east where they went up quickly) and they will be back to where they were 12 months ago. New build will be slowed down to protect profits so prices won’t fall there remarkably

Surely it all depends on your own situation.

If you’re selling a property to buy a new property not sure makes any difference as property you’re purchasing may come down in price but probably yours would to.

If you’re a cash buyer would only wait if there’s nothing you really like.

If cash buyer and you’ve found a property you like would seem silly to wait - so make a cheeky offer and see what happens 

Predictions I have seen say the financial situation will have a soft landing and at best/worst house prices will fall 5%. Of course the right property in the right place will go for the asking price and as there is still alot more buyers than sellers out there, I know of 4 peoples who have sold their property in the last few months and all have gone for the asking pricee or £5,000 under

Its all the btl merchants who have been stuffed, they are the ones selling off as they can't afford repayments and thered better profit in savings rates.

I moved late last year. I sold mine for more than the asking price in less than a week and I bought my ideal house for less than I expected. Read into that what you will. At the end of the day I got exactly what I was looking for, and that to me was worth it. If I'd waited for prices to drop, the house would not have still been on the market and I would not now be watching the sun set over the forest beside me. Sometimes it is right to go with your heart, not your head

preditions are just that, and prediction in the housing market can often go wrong because the housing market is a confusing beast.

house prices are expected to continue to fall over the next year, but a gradual fall rather than a collapse. sellers are holding out and not selling in a bad market so house price may get low, but there isn't much on the market to buy.

if you want to buy a bigger house, then now isn't a bad time to do it as house prices have already fallen since last year and your house would fall as well if you wait.

House prices dropping where I live and still not shifting but again it’s not the right time to get a Mortage so the next few years could be interesting for sales

House buying is one of the most stressful and painful processes in England.

I would suggest you keep looking at houses and make an offer. With mortgages spiking that limits bids from other buyers.

Also depending on the location, even if prices reduce, the savings might not be that much and you may face competition from other buyers and might have to increase your offers.

One thing I have noticed lately is that there are more properties have come to market for sale.
even new build developers have started to offer various discounts.

Logic would say that houses still have some way to fall to stay affordable against thr higher IRs, also there are going to be I think 2mil over the next 12mths who mortgages are up for renewal so it's going to be interesting how these homeowners manage when they see their existing 1% mortgage at now around 4% or more.

But with the housing market anything can happen and govt may come along with incentives to keep things going that bit longer, especially in the run up to a general election.

But it's true that landlords are selling up with new laws coming in and a more attractive savings rate now then we have seen for the past decade Alt of financial advisors are telling clients to sell up and get out of property and invest elsewhere.

Any move will likely mean your house also losing value so there may be little benefit from falling prices especially if you are now paying higher monthlies caused by the IR spike.

Most economists predict prices falling and the era of low IRs we have seen the past decade not returning, so we are now entering a new phase that has not been seen for a long time.

Zoopla have that thing, were it tells you how much houses sold for in a area

Do you need a bigger house?
Can you afford the mortgage?
Have you found house of your dreams?
then buy it!
It's a place to live and enjoy, house prices might go up or down, same at rates.

Sellers always ask for more than they are really willing to sell for. Offer 10%+ less than their asking price and haggle with them.

If tories stay in I suspect we'll see 'measures' to prop up the housing market to an extent. Help to buy an overpriced new build, deposit assistance to ensure you stay in more debt than you could really afford, maybe even go back to the old partial ownership where the gov owns part of your house but they'll outsource that bit, that sort of thing. House prices need to stay high for their core electorate to think they're doing well.

If labour get in I have no idea, Starmer is a little too much like Blair, so whilst their default position should be fixing the country I have no real idea what their focus would be.

Either way, if you're buying with a mortgage I expect no real difference to prices, you'll pay the same it's just that the perceived value might be lower.