Your prediction for the housing market 2025
Discussion
I'm currently trying to decide if we should sell our holiday let.
Speaking to friends in the trade, nothing is selling and this does seem to be the situation locally, although there does seem to be some movement in the upper end.
Obviously no one knows what is going to happen in the budget and this does seem to be the thing that buyers are waiting for.
Supposedly we have a housing shortage, so are we likely to get a buoyant market in 2025?
Views?
Speaking to friends in the trade, nothing is selling and this does seem to be the situation locally, although there does seem to be some movement in the upper end.
Obviously no one knows what is going to happen in the budget and this does seem to be the thing that buyers are waiting for.
Supposedly we have a housing shortage, so are we likely to get a buoyant market in 2025?
Views?
There is no singular 'housing market' but hundreds, perhaps thousands, of micro-markets that all behave differently. People selling in one single town will have very different experiences depending on exactly what they're selling, and precisely where it's located. In London it can vary wildly from street to street.
Slow.Patrol said:
I'm currently trying to decide if we should sell our holiday let.
<snip>
Supposedly we have a housing shortage, so are we likely to get a buoyant market in 2025?
Views?
That depends on what it is and where it is. <snip>
Supposedly we have a housing shortage, so are we likely to get a buoyant market in 2025?
Views?
If you’re one of many selling a holiday let in an area stuffed with second homers trying to do the same (and potentially finding that there aren’t the buyers with access to cheap money able and willing to tie it up in a second home) then maybe not. With interest rates where they are, there’s a real cost of borrowing/tying up £800k.
If it’s somewhere appealing to owner occupiers then you might sell, similarly if it can easily be run (profitability) as a let by a remote landlord.
2025 market depends on how much the government decides to roger people and what happens to interest rates (which, if they move, won’t move by much)
In Devon, the holiday let / second home market appears to be dead and starting to smell bad.
It's been a crap season for the trade.
The locals are on the warpath.
The tax environment is hostile
Other rcosts are up
Everyone would rather go to Portugal or France or a dozen other choices where the weather is better and you don't get so badly ripped off for food and drink.
The only people coming for holidays in the Wet Country are all the chav
s with their stinking dogs they bought in covid.
So lots of other punters have another reason to not enjoy coming here.
Two reasons really, the chavs and their dogs.
The other thing is, camper vans.
Half the emmets don't need your holiday let anymore,
Post covid, we're also now in a world where the gloss has come off the WFH miracle, so the magic of owning a house somewhere nice has gome sour for a lot of people.
Loads of new houses have been built saturating the market.
A lot of people are selling BTLs and even long established rental homes.
A lot of locals have over borrowed and are now hurt by interest rates, and many of them are losing income streams from tourism, property maintenance and home improvements for incomers.
Rest of the UK, god knows.
But a lot of peole seem to be realising that headless chickens are coming home to roast. Or something.
It's been a crap season for the trade.
The locals are on the warpath.
The tax environment is hostile
Other rcosts are up
Everyone would rather go to Portugal or France or a dozen other choices where the weather is better and you don't get so badly ripped off for food and drink.
The only people coming for holidays in the Wet Country are all the chav
s with their stinking dogs they bought in covid.So lots of other punters have another reason to not enjoy coming here.
Two reasons really, the chavs and their dogs.
The other thing is, camper vans.
Half the emmets don't need your holiday let anymore,
Post covid, we're also now in a world where the gloss has come off the WFH miracle, so the magic of owning a house somewhere nice has gome sour for a lot of people.
Loads of new houses have been built saturating the market.
A lot of people are selling BTLs and even long established rental homes.
A lot of locals have over borrowed and are now hurt by interest rates, and many of them are losing income streams from tourism, property maintenance and home improvements for incomers.
Rest of the UK, god knows.
But a lot of peole seem to be realising that headless chickens are coming home to roast. Or something.
We completed last month, from an offer made back in May.
We put it on the market in March, first sale, in April, fell through.
We thought viewings were pretty slow, and we considered ourselves quite lucky to get that second buyer.
2 more houses on our old estate are still sat there, only difference is they are asking 10% more than we were.
YMMV.
We put it on the market in March, first sale, in April, fell through.
We thought viewings were pretty slow, and we considered ourselves quite lucky to get that second buyer.
2 more houses on our old estate are still sat there, only difference is they are asking 10% more than we were.
YMMV.
OutInTheShed said:
In Devon, the holiday let / second home market appears to be dead and starting to smell bad.
It's been a crap season for the trade.
The locals are on the warpath.
The tax environment is hostile
Other rcosts are up
Everyone would rather go to Portugal or France or a dozen other choices where the weather is better and you don't get so badly ripped off for food and drink.
The only people coming for holidays in the Wet Country are all the chavs with their stinking dogs they bought in covid.
So lots of other punters have another reason to not enjoy coming here.
Two reasons really, the chavs and their dogs.
The other thing is, camper vans.
Half the emmets don't need your holiday let anymore,
Post covid, we're also now in a world where the gloss has come off the WFH miracle, so the magic of owning a house somewhere nice has gome sour for a lot of people.
Loads of new houses have been built saturating the market.
A lot of people are selling BTLs and even long established rental homes.
A lot of locals have over borrowed and are now hurt by interest rates, and many of them are losing income streams from tourism, property maintenance and home improvements for incomers.
Rest of the UK, god knows.
But a lot of peole seem to be realising that headless chickens are coming home to roast. Or something.
So much crazy l, wild opinions mixed with terrible spelling. That's a lot to deal with. It's been a crap season for the trade.
The locals are on the warpath.
The tax environment is hostile
Other rcosts are up
Everyone would rather go to Portugal or France or a dozen other choices where the weather is better and you don't get so badly ripped off for food and drink.
The only people coming for holidays in the Wet Country are all the chav
s with their stinking dogs they bought in covid.So lots of other punters have another reason to not enjoy coming here.
Two reasons really, the chavs and their dogs.
The other thing is, camper vans.
Half the emmets don't need your holiday let anymore,
Post covid, we're also now in a world where the gloss has come off the WFH miracle, so the magic of owning a house somewhere nice has gome sour for a lot of people.
Loads of new houses have been built saturating the market.
A lot of people are selling BTLs and even long established rental homes.
A lot of locals have over borrowed and are now hurt by interest rates, and many of them are losing income streams from tourism, property maintenance and home improvements for incomers.
Rest of the UK, god knows.
But a lot of peole seem to be realising that headless chickens are coming home to roast. Or something.
Nothing much is selling round here right now. Shropshire Wales border. Anything over £400k is stuck and on the market for ages. Lots of over priced new builds that have been for sale for over a year. One down the road from me is up for £720k, dropped from £795k 6 months ago. I estimated it, compared to other properties at about £450k maybe £500k. It been for sale for 18 months now. The guy building it needs to get £700k to break even after paying his wages etc. (so he says). There is another development of 8 4 bed houses just down the road, they have been for sale for about a year, not one has sold, again they are over priced.
ARHarh said:
Nothing much is selling round here right now. Shropshire Wales border. Anything over £400k is stuck and on the market for ages. Lots of over priced new builds that have been for sale for over a year. One down the road from me is up for £720k, dropped from £795k 6 months ago. I estimated it, compared to other properties at about £450k maybe £500k. It been for sale for 18 months now. The guy building it needs to get £700k to break even after paying his wages etc. (so he says). There is another development of 8 4 bed houses just down the road, they have been for sale for about a year, not one has sold, again they are over priced.
I looked at that one on Rightmove the other day - I agree, it's not worth that but would pitch about 595 IMO.OutInTheShed said:
It's been a crap season for the trade.
Oddly enough, our trade was OK this year. Pre COVID levels, but profitable. We seem to benefit from a lot of repeat business at our property. We even have customers leave stuff here for their next visit as we have acquired a windbreak and buckets and spades.
worsy said:
ARHarh said:
Nothing much is selling round here right now. Shropshire Wales border. Anything over £400k is stuck and on the market for ages. Lots of over priced new builds that have been for sale for over a year. One down the road from me is up for £720k, dropped from £795k 6 months ago. I estimated it, compared to other properties at about £450k maybe £500k. It been for sale for 18 months now. The guy building it needs to get £700k to break even after paying his wages etc. (so he says). There is another development of 8 4 bed houses just down the road, they have been for sale for about a year, not one has sold, again they are over priced.
I looked at that one on Rightmove the other day - I agree, it's not worth that but would pitch about 595 IMO.
Our village has just had a glut of OAP and Boomer houses come on the market due to deaths and downsizing - 4/5 bed family homes.
They’re all listed at prices that you’d expect a fully modernised house to be at but these have all got small 1980s kitchens, Artex ceilings, dated bathrooms and floral carpets. The prices are laughable, actually. You’d need to spend £70k just to bring the current rooms up to date, let alone the £150k you’d need to do the mandatory kitchen extension and knock-through that everyone would want on those houses.
That being said, they are selling when the price is right - about £150k less than they’re listed for. These are in the £500-£800k bracket. The £250-£400k stuff isn’t selling at all, it almost looks like a lot of people are skipping that step on the ladder, perhaps buying the larger but dated house and living with it for the foreseeable future.
I reckon there will be a decent market for the well-priced dated family homes when the Baby Boomers really start thinning out.
They’re all listed at prices that you’d expect a fully modernised house to be at but these have all got small 1980s kitchens, Artex ceilings, dated bathrooms and floral carpets. The prices are laughable, actually. You’d need to spend £70k just to bring the current rooms up to date, let alone the £150k you’d need to do the mandatory kitchen extension and knock-through that everyone would want on those houses.
That being said, they are selling when the price is right - about £150k less than they’re listed for. These are in the £500-£800k bracket. The £250-£400k stuff isn’t selling at all, it almost looks like a lot of people are skipping that step on the ladder, perhaps buying the larger but dated house and living with it for the foreseeable future.
I reckon there will be a decent market for the well-priced dated family homes when the Baby Boomers really start thinning out.
ARHarh said:
worsy said:
ARHarh said:
Nothing much is selling round here right now. Shropshire Wales border. Anything over £400k is stuck and on the market for ages. Lots of over priced new builds that have been for sale for over a year. One down the road from me is up for £720k, dropped from £795k 6 months ago. I estimated it, compared to other properties at about £450k maybe £500k. It been for sale for 18 months now. The guy building it needs to get £700k to break even after paying his wages etc. (so he says). There is another development of 8 4 bed houses just down the road, they have been for sale for about a year, not one has sold, again they are over priced.
I looked at that one on Rightmove the other day - I agree, it's not worth that but would pitch about 595 IMO. They have refreshed it now with a nice tarmac drive, but the rear garden looks a little....open.Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff