House prices could fall by 35% by 2025 under worst-case scenario, market experts warn

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 89%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Will house prices fall by 10%? By 20%? Or by 35%? The truth is that we don’t and can’t know but what we do know is this: hundreds of thousands of people with large mortgages are going to suffer 📨 Read Victoria_Spratt's latest newsletter

“That’s because borrowers today have much larger mortgages relative to their incomes,” as Hudson puts it. “So, they are much more sensitive to rising mortgage rates than previous generations.

But, instead of calling this a crash, we should regard it as a realignment. A repricing of homes relative to what people can afford without cheap credit. My home is going to be worth less than I paid for it for some time and my mortgage will likely keep getting more expensive. My story is not unique, it will be just one of many.

Or, if he wanted to be really, really sensible, he could do that and invest in housing as national infrastructure, and build social homes which would both bring returns over a long period of time via rent, and boost the economy.As house prices have risen, so has the length of time it takes to repay the ever-larger mortgages that people have taken out to buy them. : nearly 830,000 mortgage holders could be paying their loans into retirement.

In this report, I speak to people who are taking out 34, 35 and, even 40-year mortgages which they will be repaying into their 70s and 80s. Well, on Friday they are set to announce a rate increase for that mortgage. The rate has not been disclosed but, when the product was launched, it was priced at 5.49 per cent for a five-year fixed rate. So, it will be higher than that.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

I had £83 a week & my business collapsed - but Rich House Poor House saved meCARER Lesley was once at the head of a successful tearoom business – but after its unfortunate collapse a few years ago, she faced the risk of losing her home. In tonight’s episode of Rich Ho…
출처: TheSun - 🏆 64. / 61 더 많은 것을 읽으십시오 »