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steve t | What will my 200,000 pound house be worth in year 2022?? |
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Jeff V
 |
Everyone is only making allowances for the peaks in the property markets! What about the troughs?
With the uk property markets being cylic you can expect a compound percentage of 5% per annum as a very conservative estimate as the markets are rising but then a drop of abut 15%.
So......
£200,000 at the start of year one £210,000 at the start of year two £220,500 year three etc but then you get to year seven when you could get a drop of around 15% and then after that a similar percentage rise of 5% for the next seven years and then reduction at the end of the next seven years and so on.
So in my estimation your £200,000 house in todays market could be worth £272,476.28 in 2022!! Hey but i am not a surveyor. |
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Not Ecky Boy
 |
How can anybody predict what ANYTHING will be worth in 15 years.
The property market is particularly hard to predict. All I will say is that in my lifetime, house prices have tended to rise.
Property prices are way out of touch with the actual REAL value of property at present. Your 200,000 pound house is probably actually worth more like 80 to 90 thousand.
There is a big difference between what a house is actually WORTH and what you are able to SELL it for. What we are seeing presently is just a huge money lending scam, with "prices" going sky high. It's not about houses, it's really just about lending money.
but I will stick my neck out and say "not less than 200,000 pounds". |
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silly gorbie
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If it is your home then it will be 'worth' exactly the same. |
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PVC Catsuit
|
depends on soooo much.. ie how u keep it, wot goes on in area, etc etc. Also depends on how house prices go...
If you had a linear 5% growth each year it would be worth about £375,000 |
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blondespeks@btinternet.com
 |
really does depend on interest rates ect i,ve heard by next year they will be going up bu 30% so i dunno u could make money or lose money it really is a waiting game |
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John Corey
|
There is no way to tell with any certainty. You can make assumptions based on historic averages. That will not take into account the specific property and future changes in the area.
Why do you care? Knowing why it matters can help you manage the degree of risk if you get the estimate wrong.
Some general statements that are more right than wrong.
Over a long period of times housing rarely goes down in value. It might for 2-5 years but long periods normally smooth this out.
Housing is all about people having a roof over their head. If there are jobs in the area then people will tend to continue to live there.
As the UK is building less new housing than is needed each year and had been doing so for over 10 years you can expect that demand is rising and supply is not keeping up. This normally means rising prices.
People can not afford to pay an unlimited amount for a home. Housing tends to track employment and incomes. One measure if gross income to gross house prices. A slightly better measure is X% of a persons monthly income being spent on the monthly payment. The second method takes into account the changes of interest rates.
Some parts of the UK shows a large decrease in population so prices fell. Cities in the north (Liverpool, Manchester, Leeds and others). The SE part of the country has seen more job growth and an influx of people. London was showing slight declines for a couple of decades while in the last 10 years the London population has been up.
Lets assume that prices are likely to be higher in 15 years. Your wages will likely be up. Inflation will help to ensure that over 15 years. If you buy a property and have a repayment loan in 15 years your will have reduced the amount owed by a large amount.
One final comment. Rents historically track incomes plus supply/demand. You can assume that over 15 years rents will be higher. Many of the same reasons. Over 15 years you could easily be better off if you own rather than rent the same property for the full period. |
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TONY B
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housing prices are obscene at the moment so hopefully the market will come to it;s senses and your house will be worth £150,000 |
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wilster
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Depends, Cos if you live by the coast it'll be 20 foot under. |
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Lord Onion
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£200,222.37 - I think! |
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Seaman Staines
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depends where it is, as it might be on the beach by then, if not submerged by rising sea levels |
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Simon D
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At a guess, probably about 75,000 pounds.
This is the top of the market, you are unlikely to get more.
If you are very lucky, you might retain the value, but suffer a slight loss from inflation.
If you like your home, it has ground and you can afford it, pay it off. And keep it in the family. You will have paid to much for it, but you will have land. Very important in a family.
If it's investment, wait very carefully and dump it before the market turns. you don't want to get caught holding the parcel. |
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zion
 |
dog meat if u freeze it |
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chillipope
 |
Depends where you are - my £225k house will probably be under the sea when the Norfolk Broads flood - so they value will be minimal as a dive centre. |
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miss m
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If your in England or Wales go to www.propertyprices.co.uk it has a 5, 10, 15 & 20yr indicator |
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