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Repatriation

Is it too risky to buy a house now?

Here's where to discuss the practicalities and issues involved in moving back to the UK.

Is it too risky to buy a house now?

Postby Kay » Tue 28 Oct 2014 12:28 GMT

I keep wondering if we should buy. After all, we're used to being owner-occupiers rather than renting.

But the house prices seem to be so very unpredictable. Also, they keep going down. I guess the trick is to buy when they're very low. It's just a gamble isn't it?

I'd really hate to buy a house and then sell it later for a lower price.

Here's an article which suggests house prices are going down again.

http://www.bbc.co.uk/news/business-29799937

However, some groups have been predicting a house price crash for a long time and it hasn't really happened.

I suppose you have to decide why you might want to buy a house and the chances of you wanting to sell it later. I mean, if it's a forever home, then you don't have to worry about its value as long as you can afford to pay the bills, including any mortgage/debt servicing.
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