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- Are house prices going to go down in 2022 when the interest rates go up dramatically and fewer houses are bought?<\/li>\n\n\n\n
- Will UK banks close accounts of non-residents in the UK? I am a foreigner. I have money on my account and I have no visa yet to return. Any suggestion if the news is true?<\/li>\n\n\n\n
- Why do so many once very wealthy families so easily lose their wealth?<\/li>\n\n\n\n
- Why are the rich getting richer and the poor and the middle class getting poorer?<\/li>\n\n\n\n
- Why do some investors fail to beat the market? What are some of the most common mistakes they make?<\/li>\n<\/ul>\n\n\n\n
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Si quieres que responda a alguna pregunta en Quora o YouTube, o est\u00e1s buscando invertir, no dudes en p\u00f3ngase en contacto conmigo<\/a>, correo electr\u00f3nico (advice@adamfayed.com) o utiliza la funci\u00f3n de WhatsApp que aparece a continuaci\u00f3n.<\/p>\n\n\n\n
Es posible que algunos de los enlaces y v\u00eddeos a los que se hace referencia s\u00f3lo est\u00e9n disponibles en la respuesta original.<\/p>\n\n\n\n
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Are house prices going to go down in 2022 when the interest rates go up dramatically and fewer houses are bought?<\/strong><\/h2>\n\n\n\n
In 2022, housing went up in most countries. Bonds and stocks went down.<\/p>\n\n\n\n
In 2023, it is the opposite. Bonds and stocks have gone up. Real estate is falling in many countries.<\/p>\n\n\n\n
That includes the UK, Hong Kong, South Korea, China and beyond.<\/p>\n\n\n\n
What is more, the bigger pain might be ahead, as more people are taking off fixed-rate mortgages.<\/p>\n\n\n\n
What is interesting about the post 2008 world is how valuations went up a lot in some markets, and down in others.<\/p>\n\n\n\n
In the UK, house prices went up in London, but fell or stayed stagnant, at least adjusted for inflation and wage growth, in many countries.<\/p>\n\n\n\n
In the graph below, taken from Economics Help<\/a>, it shows that London house prices have skyrocketed relative to incomes, whereas the UK as a whole (and especially the North) hasn\u2019t got back to 2008-era levels of unaffordability.<\/p>\n\n\n\n
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Likewise, in the US, the biggest increases were in big cities.<\/p>\n\n\n\n
Prices skyrocketed in many parts of Asia, New Zealand and beyond.<\/p>\n\n\n\n
When I was in Shenzhen sixteen years ago, you could buy an apartment for $60,000 at the time. Now the same place could cost ten times more in some instances.<\/p>\n\n\n\n
Then you have other global cities, like Dubai, which has seen stagnating prices, despite the recent upswing:<\/p>\n\n\n\n
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In a less extreme way, we have seen similar trends in the stock market.<\/p>\n\n\n\n
US, and especially tech stocks, have skyrocketed.<\/p>\n\n\n\n
In comparison, some markets, such as ASEAN, have very low price-to-earnings and CAPE ratios and look cheap.<\/p>\n\n\n\n
So, we might see investors looking for value in real estate and stock markets, considering these discrepancies.<\/p>\n\n\n\n
We already partly saw it last year, when many people left big cities during Covid and bought in the smaller, cheaper, cities.<\/p>\n\n\n\n
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