House Prices In The UK- What Can Property Buyers Do Now?

Brett Alegre-Wood
October 9, 2020

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My rant for today is pretty much about what do you do? House prices: What are they going to do? What's going to happen? Do you buy, do you? The price is I've said I put two choices but I've actually put three there. They're either going to drop, then the question is by how much? or they're going to sit stagnant, not do a lot and stagnant might be plus or minus 2% or 3% whatever.

Or they could rise now, put rise there I don't think there's a lot. Some areas could rise and are likely to continue rising, they'll be the areas that have the best fundamentals. 

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This is really what a house price is going to do now? or what they're going to do? They're either going to drop or they're going to sit stagnant. I don't see them really rising over the winter you know because we're talking through we'll say March next year but the interesting thing is then the question is you've got to think short term what are they going to do? And then long term what are they going to do?

Because I think in the short term over the next two years which is probably the recession that we're going to have and will persist because you don't just come bouncing out of the recession I don't think there's going to be a V-shape massive bounce in house prices. I think certainly for next year things are going to slow down because you know as unemployment increases and it's you know unemployment's increasing so that's going to slow the economy down. 

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The stimulus may change all this. It may actually keep house prices growing, we can see you know but I think the reality with that is we look short-term and then we're long-term. The long-term side of things may well be we see house price growth but we may well see inflation which means our interest rates have to go up, so then our cash flow could be affected.

So you've got to look at this and if you're not sure about what I'm talking about here and you're going on Brett I don't understand then the best thing to do is to sit down with my team and actually get a plan and talk about how your strategy can meet the market. That's the key I mean so much of this business and so much of this industry is about you know you show some interest in investing and then they say right have I got the property for you it's the worst thing you can do.

The best thing you can do is stop, get a strategy, understand where the market's at and work that out and then once you've got that then go out and look at the investment opportunities that are out there. When you do that you can effectively have a key selection criteria. I mean we're treating it like a business and you have to treat it like a business and I think that's the key here to really being successful. 

Video Transcription

My rant for today is pretty much about what do you do? House prices: What are they going to do? What's going to happen? Do you buy, do you? The price is I've said I put two choices but I've actually put three there. They're either going to drop, then the question is by how much? or they're going to sit stagnant, not do a lot and stagnant might be plus or minus 2% or 3% whatever. Or they could rise now, put rise there I don't think there's a lot. Some areas could rise and are likely to continue rising, they'll be the areas that have the best fundamentals. This is really what a house price is going to do now? or what they're going to do? They're either going to drop or they're going to sit stagnant. I don't see them really rising over the winter you know because we're talking through we'll say March next year but the interesting thing is then the question is you've got to think short term what are they going to do? And then long term what are they going to do? Because I think in the short term over the next two years which is probably the recession that we're going to have and will persist because you don't just come bouncing out of the recession I don't think there's going to be a V-shape massive bounce in house prices. I think certainly for next year things are going to slow down because you know as unemployment increases and it's you know unemployment's increasing so that's going to slow the economy down. The stimulus may change all this. It may actually keep house prices growing, we can see you know but I think the reality with that is we look short-term and then we're long-term. The long-term side of things may well be we see house price growth but we may well see inflation which means our interest rates have to go up, so then our cash flow could be affected. So you've got to look at this and if you're not sure about what I'm talking about here and you're going on Brett I don't understand then the best thing to do is to sit down with my team and actually get a plan and talk about how your strategy can meet the market. That's the key I mean so much of this business and so much of this industry is about you know you show some interest in investing and then they say right have I got the property for you it's the worst thing you can do. The best thing you can do is stop, get a strategy, understand where the market's at and work that out and then once you've got that then go out and look at the investment opportunities that are out there. When you do that you can effectively have a key selection criteria. I mean we're treating it like a business and you have to treat it like a business and I think that's the key here to really being successful. 


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