Post-lockdown ‘fever is set to propel prices even higher’

[Mark Rocks 110]

Housing experts are predicting a post-lockdown boom in house prices across the UK, according to new reports; https://propertyindustryeye.com/post-lockdown-fever-is-set-to-propel-prices-even-higher/

Further proof that the initial fear that the pandemic and ensuing lockdowns would cause an immediate crash... what are your thoughts?

[Damian P 2]

Hi Mark,

well the UK's most expensive apartment has gone on sale for £175 million after billionaire Nick Candy has put his Hyde Park penthouse on the market:

https://www.thesun.co.uk/news/14653696/uks-most-expensive-apartment-london-sale-nick-candy/

[Mark Rocks 110]

Ha, well this is just further proof that prices are going to keep rising!

[nicholas_b 64]

Interesting piece in the financial times about how much savings as a percentage of GDP per country has increased too. The UK being second highest with around 10%... in on year... crazy. No wonder assets are increasing in value.

[rob957 2]

All

interesting stuff. 
I was reading Matthew feargrieves article on house prices, he is estimating a big decline in house prices for the second half of this year due to stamp duty relief ending, end of furlough..... he is also basing it on London house price drop. What are your thoughts 

[richardhughes 10]

Almost everyone is talking up the boom now. It seems to have taken off quicker than I expected. I thought we would see a decent rate of growth for 5 years per the property cycle. Even if it started in January 2020 and was masked by the lockdown we are only 18 months into it and the general media are on to it already. I think we are already getting towards the panic buying stage with buyers feeling they must buy now or be out priced. Surely it cant continue at this pace. Surely it will burst sooner than expected? I think with the rate of growth it cannot be sustained and will burst at the end of 2022. - hopefully it will last longer.

[acsept 1]

Prices are always going up