That's a fair point, I can see how it may seem that way. In general the thing that benefits me is transactions taking place. It doesn't matter if the market is going up or down as long as transactions keep going, which has always been the case. As long as people need to sell or buy, that's what matters in my World.
Been following a number of channels. It's interesting how you interpreted the same data as 'Moving Home with Charlie' and came to a very different conclusion. My impression was arrears had been increasing quite significantly and so when you take account of gov't freezing repossessions for a minimum 12 months arrears and requiring interest only options to be offered, that explains the short term low repossession rate.
Thanks for the comment. It certainly lengthens the runway for people to catch-up which spreads out and minimises potential repossessions. What do you think?
@@BritishHomeInvestors id say it will be flat for the next year. In my area theres 2x as many houses for sale than usual at the moment many of them on the market for while already.
Good points...but I have it on good info rates are going above 6% and not coming down ever again. You said 84% are fixed...but for only 3 or 5 years yes?
The good info being what exactly? We follow the FED, and they are intending to lower rates, so if anything that would be the more probable info to go on.
You make a good point. Although data from house price index in reality there are inconsistencies across most if not all data sources and difference data sources average out data differently. Often why Halifax and Nationwide price index's are different. What do you think offers the best anchorage on property data?
@@BritishHomeInvestors I've done this myself, the dagay is public. Averaging is straight forward but if you look at median pricing instead you see the same trend.
This video reeks of desperation! To say everything is on the rise is just completely false, look at how the house builders have slowed down and the discounts/incentives they are offering to sell. Affordability is affordability and if people cannot afford the interest rates there is a limit to what they can pay, no way they are going to keep going up like you say
very good upload, "average house price rising" can be very misleading. theres no way a crash is coming when i look at how fast "starter homes" are selling in Birmingham
When the majority is first time buyers and not investors is a red flag, payments are unaffordable and first time buyers are least educated in property value. It’s a house of cards.
Crash is subjective to peoples minds. The rate at which building isnt keeping up with inflating demand, the more probable way is up. Corrections will always occur now and again
Thanks for the support 🙏 Still a buyers market atm. Key is to buy up the 20% of properties that need to sell priced to sell, rather than those on for too high a price that are hoping to sell.
House prices will only ever go up. Only thing that the young can hope for is a 1970's style inflation jumpnor change of money. So overnight £200,000 becomes about £20,000 in value.
Thanks for the comment. I include the data in the video and I also own British Homesellers, a nationwide estate agency so we are seeing the data first hand on front line. I could be wrong, I'm just trying to share my best thoughts but I appreciate I don't have a crystal ball.
i am hoping for crash, properties are selling with discount and anything below 500k selling better with discount and above selling with massive drop in price.
If you liked this. Check this out!
ua-cam.com/video/GUm_8efUVIs/v-deo.htmlsi=n3SN8OLPUeBDJVBp
So someone who’s income depends on people buying houses says there isn’t a downturn and for people to buy.
Nothing to see here.
That's a fair point, I can see how it may seem that way. In general the thing that benefits me is transactions taking place. It doesn't matter if the market is going up or down as long as transactions keep going, which has always been the case. As long as people need to sell or buy, that's what matters in my World.
There are more than three million Hongkong people migrate to UK. You are absolutely right!
👍
Been following a number of channels. It's interesting how you interpreted the same data as 'Moving Home with Charlie' and came to a very different conclusion. My impression was arrears had been increasing quite significantly and so when you take account of gov't freezing repossessions for a minimum 12 months arrears and requiring interest only options to be offered, that explains the short term low repossession rate.
Thanks for the comment. It certainly lengthens the runway for people to catch-up which spreads out and minimises potential repossessions. What do you think?
Im in the north east and find it hard to believe house prices are rising, at best its stagnant.
Thanks for the comment. Do you think prices will stay stagnant in your areas in the future? Or fall/rise over the next 12 months?
@@BritishHomeInvestors id say it will be flat for the next year. In my area theres 2x as many houses for sale than usual at the moment many of them on the market for while already.
Thank you for the insight.
Will be interesting to see what will happen to prices when interest rates start to fall a little
Good points...but I have it on good info rates are going above 6% and not coming down ever again. You said 84% are fixed...but for only 3 or 5 years yes?
Yes that’s correct. At some point those fixed rates will need renewing but not all at once which is the key thing
The good info being what exactly? We follow the FED, and they are intending to lower rates, so if anything that would be the more probable info to go on.
@@Solihul886 that's a myth... Western rates will rise soon.. You will see.
I guess time will tell on all the above.
What is your data source. If you look at prices paid database you see a non marginal accelerating AVG price decline across the UK.
You make a good point. Although data from house price index in reality there are inconsistencies across most if not all data sources and difference data sources average out data differently. Often why Halifax and Nationwide price index's are different. What do you think offers the best anchorage on property data?
@@BritishHomeInvestors I've done this myself, the dagay is public. Averaging is straight forward but if you look at median pricing instead you see the same trend.
👍🙏
"Top of the ladder" nearly 700k, that's very much middle to low ladder where I live!
Agreed 👍
just the fact that u are relying on the rightmove index says it all..
Thanks for the comment. Rightmove index is one of multiple data sources to consider. None are perfect
What do you think?
This video reeks of desperation! To say everything is on the rise is just completely false, look at how the house builders have slowed down and the discounts/incentives they are offering to sell. Affordability is affordability and if people cannot afford the interest rates there is a limit to what they can pay, no way they are going to keep going up like you say
🤣🤣 Houses are going to the floor m8
Interest rates will go up further, wait until the dollars collapse!
Thanks for the comment. I guess time will tell! :)
Food has doubled utilities doubled ..house prices have crashed relative.
Inflation has been difficult in this regard. Thanks for the comment. Want do you think will happen to house prices?
very good upload, "average house price rising" can be very misleading. theres no way a crash is coming when i look at how fast "starter homes" are selling in Birmingham
💯
When the majority is first time buyers and not investors is a red flag, payments are unaffordable and first time buyers are least educated in property value. It’s a house of cards.
@@scazz007fair point, uncertain times
agreed on all.
the world is in bad state, its just matter of time and elections in USA/UK and they will go town.
Crash is subjective to peoples minds. The rate at which building isnt keeping up with inflating demand, the more probable way is up. Corrections will always occur now and again
Fair point. Thanks for the comment. What do you think will happen with the housing market?
Great video as per dude, in your opinion has the best time for 1st time buyers been, gone or we are in it right now?
Thanks for the support 🙏
Still a buyers market atm.
Key is to buy up the 20% of properties that need to sell priced to sell, rather than those on for too high a price that are hoping to sell.
@@BritishHomeInvestors Okay thank you man 👊
My pleasure mate.
House prices will only ever go up.
Only thing that the young can hope for is a 1970's style inflation jumpnor change of money.
So overnight £200,000 becomes about £20,000 in value.
Seems like there are no good options?
you are wrong there they will go up but it's time for them to come down and they are, been studying the market for awhile or forever.
👍
Don’t disagree with your Vid, but “A TIDAL WAVE of new buyers” …. Where’s the stats to prove that statement?!
Thanks for the comment. I include the data in the video and I also own British Homesellers, a nationwide estate agency so we are seeing the data first hand on front line. I could be wrong, I'm just trying to share my best thoughts but I appreciate I don't have a crystal ball.
There may be a tidal wave of new buyers but there's a tsunami of new properties coming to market!
Agreed 💯
Can I borrow your crystal ball please.
Haha I agree. I can't tell the future! I'm just trying to share my point of view :)
Thanks for the comment.
i am hoping for crash, properties are selling with discount and anything below 500k selling better with discount and above selling with massive drop in price.
Thanks for the comment.
I agree, higher value properties in any area are seeing bigger drops relative to mid/lower priced homes in area.
Utter BS this video!
Prices are falling across the board!
Thanks for the comment. Time will tell I guess.
Your hands keeps distracting the video, we can’t see your face because of your hands are waving about, not very good. Thought this might help you….
Thanks for the comment. I really appreciate the feedback. I will bare that in mind to improve :)