It’s baked in, a house price crash seems on the cards with interest rates rising, inflation soaring, could this be the perfect storm to cause a huge correction in house prices!? In todays video we explore the reasons and predictions that are out that and try to look for the opportunities that could be ahead for us all to get ahead and make some money!
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I'm a first time buyer looking at a first home schemes property worth £367,000 but I would buy it for £249,500 due to the 30% discount (which has to be passed on if sold) . Is now the right time to buy that property due to the deal the scheme offers or is it best to wait and see what happens in the next 6 months? I can fairly comfortably afford the mortgage right now.
It's about time House Prices crashed
U have really natural way of explaining to those who have no idea. I have started the purchasing process about three weeks ago,I am curious what’s happening on the market though. If the drop is 10-15% is not much, if we go down to 30%, that’s felt.
This government and the Bank of England have killed the housing market and wrecked the economy! House prices may go down resulting in people taking their house off the market. House builders will also cut back on new builds affecting tradesmen and estate agents. It will also mean there will be even less houses on the market in an already shortage! Well done the tories and bank!
Thank you for the insight to the UK housing market. It is a good idea to zom out and also see the bigger picture as real estate investors these days are quite mobile and can cash out from one market to invest in the next booming market in a totally different country. I see that here in Tallinn where some investors have real estate in many countries.
In the UK houses are over valued. A 50% crash would be great news for buyers, in particular in the Home Counties.
just a curiousity, Considering there is also a housing crisis meaning people are having trouble buying house due to the fact the there just isn't enough supply. Would demand really go down?
Hi, Here are my thoughts on the situation.
Inflation – Government has applied the wrong medicine to the symptoms. We do NOT have a spiral of inflation as there was in the past that was damped down with higher interest rates. What we have is a number of ONE OFF issues that have come along. Brexit has increased some prices and the knock on shortage of cheap labour has then pushed up UK produced prices and hospitality sector costs. Covid has caused issues that then inflate some prices. Lastly, Ukraine has impacted hugely on energy that then hits everything and also grain costs.
However as these are not on a spiral, the increase is there but as a one-off. Gas is not continuing to go up, nor labour costs or grain costs. Give it 12 months and they drop back out of the inflation figure. So higher inflation will be short lived and go back under 5% next year.
Bank of England will (wrongly) claim their policy has worked and down will come interest rates as the economy is flatlineing.
This mismanagement of the economy will have an impact on unemployment and is very bad for businesses struggling at the moment.
So to the housing market. For the past year or two we have had a huge shortage of houses coming onto the market and many competing buyers. Yes the buyers will be fewer but so will the sellers. So I predict just a dormant spell with very little activity.
Prices will not crash, asking prices will go down as now sellers will not try for crazy high prices. Some may take an offer rather than have a bidding war. But no crash.
Reason is that what we have will be short lived. The high inflation and high interest phase will be short. Sellers will hang on rather than sell at a low price where they can.
As to the situation with a housing portfolio, or the key thing a mortgage. Yes borrowing cost may go up. I grabbed a 2 year fixed a month or so ago which was a good move. and so have mostly on fixed rates now. Profit from renting may be wiped out for some with a high % loan to rental income, but really all that can be done is ride it out. I expect the storm will only last for 12 months.
Doom and gloom merchant. So If recession comes supply will shrink. Demand is still growing. Either buy a house or pay £1000 dead money. You have to buy a house if you want to be free one day of house costs. Life time renting is not cheaper. If houses do fall they soon bounce back. In the 70's inflation was 26% houses galloped ahead. Labour cost and materials went sky high as well. Want a builder to build a house you would have to pay more or house doesn't get built . Supply shrinks.
First time buyers may wait 12 to 18 months and rent waiting for a fall while wasting £1200 to £18000 in rent. They will not come out better off waiting for a possible fall. Long term a fall in new house builds will mean bigger increases as covid stoppage caused. helping recent rises. If we had a 2 year halt of building how much higher would rents and prices rise? Landlords and home owners would see more return. The same will happen as in the 70's wages will rise Banks will lend more. Houses have historically always gone up. Bar short term blips.
Hahaha you know nothing. What is coming is way way biger this you think
Isn't it weird that all these people make out that they can predict the future – but instead of being billionaires they are instead peddling videos on YT.
People have been saying that there is going to be a house price crash for 35 years – and just look at what REALLY happened to values.
House prices will NOT CRASH , demand is too high .
not long now before you wont have enough money to pay for the electric for these videos.
Buy some gold.
By the way, anyone with a mortgage doesn't own anything…try not paying the mortgage and you will find out who owns the property.
This hit exactly what I’m going though, your advise to hold off on purchasing for a couple months?? How long do you think will take for interest rates to come down on mortgages?
2008-09..largest drops weren't in London. Try NI, Wales and the North West.
Can we hear from your dad he clearly has more insight than you
It’s going to happen without a doubt
i'm glad I got into crypto when I did because it's been a turning point for me financially,been my best decision so far
Fantasy. House prices NEVER fall. The worse that happens is the market stagnates and we get some distressed sales and repossessions, and even then most of them go back on the market at market rate. House owners typically stay put and wait for the market to pick up gain. If you're waiting for a fall in house prices you will have a long wait.
House prices will fall by 40%
New subscriber here ✅
I love your presentation skills very insightful
I'm currently waiting on a market correction on pricing .
I decided to sit it out earlier in the year as the prices in my opinion were definitely over valued .
I think it'll be a buyer's market soon
My estimate is a 16% drop year on year
Get fucked, investors. Sell your houses and get some houses on the market for buy to live.
and when the prices crash , who do you think will be buying the properties that are now low , Rich people who have shed loads of money
Good one, Mark
in the current scenario of sky rocketing interests is it still worth taking interest only or interest + Principle repayment mortgage.
I get so annoyed at the rubbish so called experts keep spouting out! A few months ago these ‘experts’ were telling everyone to buy, buy, buy, that houses were going to continue to increase in value. Where are all these idiots hiding now? Are they prepared to financially help the millions who listened to their shortsighted nonsense and help pay off their mortgages? No of course they won’t. They just reappear and play a different tune and the vulnerable listen to their rubbish!
It's not looking good… 20% is quite likely
I believe this economic crisis is different from previous crashes in that this one is being deliberately engineered on a global scale in order to introduce a totally new financial and social system, just as the sinister Klaus Schwab boasted was going to happen!