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May 26 2022 2.18am

London Property Market

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View dreamwaverider's Profile dreamwaverider Flag 08 Apr 22 4.11pm Send a Private Message to dreamwaverider Add dreamwaverider as a friend

The housing supply has been on its knees over the past ten years. If you believe government figures we are approx one million homes behind the targets.
Until our hopeless planning laws and planning system accepts and adapts to the demand, property will remain in short supply.
Having said all that, in my lifetime, higher interest rates which are coming have always depressed the market and caused hundreds of thousand of repossessions. Inflation can work both ways but generally will not help.
Tread cautiously.
But I am still looking for sites.
2-3 acres. Desirable areas Home Counties. Good planning prognosis.

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 09 Apr 22 9.42am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

I guess the question really should be when is the next recession? Without a recession several factors will keep property prices rising. Itís 13-14 years since 2008 and the covid recession didnít really happen,apart from for hospitality, because of hundreds of billions spent on furlough etc etc. The consumer confidence figures are really not good indicators for whatís happening and developing in the economy.

There are going to be so many ways a recession can start off this time. Fuel costs for business, consumer confidence - affected by many things causing less disposable income - fuel and energy again, finding yourselves in higher tax brackets, fall in consumption due to rising prices. Stagflation. Being over exposed individually over the next 2-3 years could be disastrous.

Edited by Rudi Hedman (09 Apr 2022 11.07am)

 


COYP

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View BlueJay's Profile BlueJay Flag UK 11 Apr 22 11.48am Send a Private Message to BlueJay Add BlueJay as a friend

Originally posted by dreamwaverider

The housing supply has been on its knees over the past ten years. If you believe government figures we are approx one million homes behind the targets.
Until our hopeless planning laws and planning system accepts and adapts to the demand, property will remain in short supply.
Having said all that, in my lifetime, higher interest rates which are coming have always depressed the market and caused hundreds of thousand of repossessions. Inflation can work both ways but generally will not help.
Tread cautiously.
But I am still looking for sites.
2-3 acres. Desirable areas Home Counties. Good planning prognosis.

Yes. it's not beyond the realms of possibility that prices could dip, but the supply issue is certainly a major factor in propping it up. There needs to be a significant national house building push, but I'm not convinced that the government is interested.

 

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