It’s a sensible question. 

A question commonly asked around times of crisis.  

Panic over the impact of Brexit and again when Covid hit, also back in 2008 when the house prices dropped by around 12.4% in the final quarter of 2008 – the biggest decline in 30 years. 

The answer is that it depends.  

If you have a plan and goal, our advice is to ignore the white noise.  

The key to success in these uncertain times is buying the RIGHT house.  

It’s difficult to predict what will happen with house prices as they could fall across the UK, or some areas may fall as others rise, and this can happen simultaneously.  

We’ve found that sourcing property for clients has been hard or arguably harder to buy than a year ago, and the costs are higher.

Another factor to consider is inflation. How long can you afford to wait before you invest?  

Remember, there is also ‘cycle time’ involved when purchasing houses, and you may be in for a bit of a wait. Buying property takes time and the price may go down in this period.  

Going back to the 13% drop in house prices back in 2008, that number was ACROSS the UK, so if you find the right house in the right area, how much are you really affected?  

Inflation and cycle time are massive factors to consider and if you think about projection it may change your viewpoint- if you wait, in 5 years you could have 3 houses, but if you don’t wait you could have 10!  

That’s just an example, you don’t have to want 10 houses, but it gives you an idea of how listening to white noise can affect your future goals.  

Cost: Price Averaging is used commonly in stocks and shares, it follows the concept that you can’t time a market, which sounds like a fancy way of saying go with the flow.  

We believe that the best way to build a property portfolio is to put the same amount in all the time, every time.