Economists overseas predict 10-20% House Price Falls – Reality or fiction?

October 3, 2018

My morning browse through videos on Youtube, that is what appears on my timeline that they assume I’ll be interested in viewing, brought up not only negative news in my world of football (Manchester United vs Jose Mourinho), but also a line of negative news in the world of property. One such video from ABC News (Australia) title ‘The Big Chill‘ drew me to view it as it was focused on real estate and house prices predicted to fall between 10-20%.

I haven’t for a while looked at property outside of Europe to note what is happening elsewhere in the world, though it would appear from watching the above video that Australia in many regions are bracing themselves for a fall in real estate value – A disaster for many investors and a big lifeline to genuine house buyers. It would appear that the effect is being seen at the top of the market mostly and that some areas are seeing falls, others a slight rise and many are just remaining flat.

Without question, globally and certainly in the UK, property prices are out of reach for many people searching for a home to live in over a property to make money from, many predict a slow down and decline of property prices in the UK following Brexit – national press remain split on this subject with many publications often expressing stories both for and against price falls. It happened in countries such as Spain and Ireland not so long ago so it is not a fictional story that property markets can crash, though Australia’s property market knife edge situation is said to be due to that fact that many hold interest only mortgages (sure it is still the casein the UK too) and that these loans will start to push out to principal plus interest options thus increasing for many monthly payments.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Don’t let the silent killer into your home: Carbon Monoxide Awareness Week

Don’t let the silent killer into your home: Propertymark’s advice for Carbon Monoxide Awareness Week As the UK marks Carbon Monoxide Awareness Week this week (17–23 November 2025), Propertymark, the professional body for estate and letting agents, is urging all tenants and homeowners to take five minutes to check their carbon monoxide (CO) alarms and…
Read More →
Breaking News

FMB Welcomes MP’s Call For Greener Homes and Energy Incentives

The Federation of Master Builders (FMB) has welcomed a House of Commons Environmental Audit Committee report calling on the Government to provide greater incentives for homeowners and housebuilders to create greener, more energy-efficient homes. The report into environmental sustainability and housing growth includes several recommendations that align with long-standing calls from the construction sector for…
Read More →
Rightmove logo
Breaking News

Hesitant market as Budget speculation fuels uncertainty, especially at upper end

Average new seller asking prices fall by 1.8% (-£6,589) this month to £364,833. This is a larger-than-usual November drop, as the decade-high number of homes for sale and Budget hiatus add to the seasonal slowdown in new seller pricing In addition, asking price reductions of homes already on the market are at their highest level…
Read More →
Breaking News

What adds value to Buy to Let (BTL) properties?

Kitchen and bathroom renovations are most popular amongst Buy to Let investors who have made improvements in the last five years 18% made green improvements, such as adding solar panels or insulation But over 50% surveyed regretted renovating their rental properties Our analysis suggests adding an extra bathroom can boost BTL property value by 8%…
Read More →
Breaking News

Renters’ Rights Act will be enforced from May 1st 2026

Lettings experts outline key changes landlords must prepare for Following the announcement that the Renters’ Rights Act will begin being implemented from May 1st, lettings and compliance experts at Beresfords Group are advising landlords to start preparing now for the most significant reform to the private rented sector in decades. The government has confirmed that…
Read More →
Estate Agent Talk

The Compliance Curve: Meeting Landlord Safety Standards Through Smart Heating Upgrades

In today’s rental market, compliance isn’t just about ticking boxes — it’s about protecting investments, safeguarding tenants, and staying ahead of fast-evolving regulations. For landlords across the UK, particularly those managing older housing stock, staying compliant has become a strategic exercise in property value preservation. Among the many areas demanding attention, heating systems stand out…
Read More →