I can remember having discussions like this with younger colleagues almost twenty years ago; “We’re thinking of holding off buying now as prices are unsustainable and are sure to drop, and you don’t want to buy at the top of the market.”
I still think prices are unsustainable but a recorrection will be devastating for a significant part of the population.
The most over valued property in the world + covid + brexit... it's hard to see the optimistic view unless wealthy people keep their cash in the UK and double down on landlording? Rent reductions/arrears makes that feel unlikely?
I can remember having discussions like this with younger colleagues almost twenty years ago; “We’re thinking of holding off buying now as prices are unsustainable and are sure to drop, and you don’t want to buy at the top of the market.”
I still think prices are unsustainable but a recorrection will be devastating for a significant part of the population.