Things are not bad as they seem to be
Some areas aren't going to see drops and they'll be the ones that make the headlines
My predictions for 2021 I reckon prices will drop around 3%, not drastic but I do think they'll either rise 3% all the way down to -10%. Some areas aren't going to see drops and they'll be the ones that make the headlines but then other areas I think aren't that bad.
BRETT: Let me bring the other boys on so what do you guys? Any thoughts on what you think about house prices for next year?
Get the perfect plan for todays market. Download The 3+1 Plan now!
Get the perfect plan for todays market. Download The 3+1 Plan now!
It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.
RITESH: It's an interesting one, I'm sort of sitting. I've got a wider range here I'm sitting between zero to ten. So either nothing can have to drop by 10% although that 10% drop might mean it got 15 or that zero percent planned that region and the reason why even though a lot of the news coming out and all the Covid situation should mean that we have a price drop.
I remember back in 2009 when you know a lot of places well most places in the UK were dropping in price London not dropping as much but still dropping but yeah places like King's Cross, Islington, Brett you must be aware you had a place in Islington yeah it was fun you're going up which is ridiculous, ludicrous how can an area go up go up in price during global financial crisis but it was.
Search Our Articles
BRETT: Yeah and I think one of the interesting things is if you look at London the house prices they dropped for six months and everyone said oh London blah blah blah and then they bounce straight back up and then they continue to grow. You know and look at them now they've you know they're doubled in price I mean you know we'll show you some stats later on. It's incredible that side of it.
House prices are one thing you know and we can go into lots and lots of statistics and a lot of stuff but to be fair you know that really gives you the summary. I've got comments on my youtube of people saying no no they're going to drop 20% or 30% London you know is devastated because everyone's moving out there's going to be no one left in the city and all these you know it's just not not how it's going to play out.
My predictions for 2021 I reckon prices will drop around 3%, not drastic but I do think they'll either rise 3% all the way down to -10%. Some areas aren't going to see drops and they'll be the ones that make the headlines but then other areas I think aren't that bad.
BRETT: Let me bring the other boys on so what do you guys? Any thoughts on what you think about house prices for next year?
RITESH: It's an interesting one, I'm sort of sitting. I've got a wider range here I'm sitting between zero to ten. So either nothing can have to drop by 10% although that 10% drop might mean it got 15 or that zero percent planned that region and the reason why even though a lot of the news coming out and all the Covid situation should mean that we have a price drop. I remember back in 2009 when you know a lot of places well most places in the UK were dropping in price London not dropping as much but still dropping but yeah places like King's Cross, Islington, Brett you must be aware you had a place in Islington yeah it was fun you're going up which is ridiculous, ludicrous how can an area go up go up in price during global financial crisis but it was.
BRETT: Yeah and I think one of the interesting things is if you look at London the house prices they dropped for six months and everyone said oh London blah blah blah and then they bounce straight back up and then they continue to grow. You know and look at them now they've you know they're doubled in price I mean you know we'll show you some stats later on. It's incredible that side of it.
House prices are one thing you know and we can go into lots and lots of statistics and a lot of stuff but to be fair you know that really gives you the summary. I've got comments on my youtube of people saying no no they're going to drop 20% or 30% London you know is devastated because everyone's moving out there's going to be no one left in the city and all these you know it's just not not how it's going to play out.
