UK Housing Market Predictions & Trends | Winter Update (2021)

The UK housing market is tricky to predict, yet everyone has a go!

In our latest housing market review, Move iQ's founder Phil Spencer, interviews Zoopla's Head of Research, Richard Donnell. They review the 2021 property market, and discuss how it could look this time next year. Covering a wide range of topics including how remote working is affecting the market and the long-term impact of the pandemic in years to come.

You can find all the individual topics discussed in this video, with the timestamps below:

👉 VIDEO TIMESTAMPS ⏳
00:00 2021 - The tale of the stamp duty holiday
01:55 2022 – Hybrid working and the ongoing impact of the pandemic
02:24 National revaluation of housing requirements
03:15 Prioritisation of outside space
03:26 The main headwinds of the housing market
05:32 The single biggest thing to impact housing market in next 10-15 years
06:37 The outlook for tenants and renting
10:00 Impact of one-off factors
11:15 The UK hot spots
11:39 The working from home (WFH) impact
16:30 Landscape for the next 12-months

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[trildi]

How does this channel not have more views. Thank you Phil for your videos!

[LaraJoannaJarvis]

Thanks guys! Can’t say it’s not depressing news having been trying to buy for the past 2 years and everything here is up 20% from when we started but there we are! Thanks for the video 🙂

[Luke-kxxj]

I'm currently going through the process of purchasing a house as a first time buyer. I was initially hesitant to buy this year, with the market so 'seller-friendly' at the moment, but after listening to different experts it seems that prices are not going to suddenly drop next year so I have found a property which we love and is at reasonable value for the current market.

[sw]

Phil, you are exactly right when you say ‘ lack of supply’ agents are increasing the asking price on houses simply because they have fewer houses to sell and more buyers looking to buy, Same with Hotspots, this is being increased by a few agents placing high values on houses Simply because low stock on the books.
We live in west Oxfordshire, in 2019 we had our house valued, this year we again had the house valued, it had increased by £25k in 2 years.
We are looking to move to Keswick cumbria, houses selling for £600k only in 2019 are now being marketed by agents at £750k £800,

[mindfulness]

Great content Phil. I agree with Richard the market will slow down in 12 months time. I believe will be more painful in long term. The biggest nemesis will be inflation, interest rates must rise. We can't forget about quantitative easing.

[jer]

Market always reacts slowly on changes. Like a big container ship having to change course. I still strongely believe the market sentiment will turn 180.. as food, energy cost go up, two of the main spendings in households, banks will have to take this into account when mortgages are given.

[njh]

Biggest barriers to first time buyers is the mortgage loan multiplier (4.5x max rather than the deposit. That's what phil wont tell you....

[AtulShetty]

Best property market channel on youtube. The knowledge, perspectives, and wisdom i’ve gained from videos here have been instrumental in my purchase as a first time buyer!

[Brick_dont_hit_back]

As small property investor this is very helpful chanel to me.Can you recommend other chanels about housing market in the UK please.

[RyoHazuki]

In my area (North East Town) I'm seeing an increase of 30% over the past 2 years on properties listed. Some of these are moving quickly if they tick every box, but others aren't moving. When I started searching, I could get a mortgage rate of 0.9% with a highstreet bank, now it's veering up towards the 1.4-1.6% range - still admittedly fairly affordable. It's hard to know what path to take, I feel a 30% increase in 2 years (with no property improvements) is vastly overvalued and can't be sustained.

[Finance-Food-and-Freetime]

Use electricity from renewable sources?

[balance]

Prices are already being reduced in my area on

[Awwwww-what]

phil was asking great questions here... he may have been talking to a fence though....

[Billyboy]

Amazing content Phil as we're negotiating our way through a life changing move, thanks👍

[LB-W]

Could people buying in 2022 end up buying the top?

[leaveempty]

Housing market is too hot and UK Gov will encourage wage rises and inflation to devalue the massive "debt" causing further heating, then the BOE will have no option but to raise interest rates. This together with rising taxes won't end well.

[alimonfared]

Wonderful and well faceted video nice 👍

[muhammadrehman]

Sitting here in pakistan I can say you are providing a great service to investors located in far away places.

[cjfinance]

With inflation going up. Interests rates going up. Spendings going up. Taxes going up.
And salaries stagnating. High unemployment. Economy slowing. First signs of recession coming from US and China. Taxes incentives having disappeared.

I may be wrong, but I sold and I intend to keep my money aside for greater bargains in the future. It looks more like 1991 than 2012...

[gosskamperis]

CAPITAL GAINS TAX
A friend has some houses which he will NOT rent due to the ridiculous imbalance between the rights of landlords and the rights of tenants but he will NOT sell as the sale would give rise to huge CGT bills, so he has chosen to moth-ball the said houses and simply use them a storage of wealth. If The Government were to take all residential property outside of the scope of CGT, I suspect that many properties would find their way onto the market. Those properties would then be available to owner/occupiers or new landlords who factor the risks of being a landlord into their investment strategy. (Of course, The Government would have to brace themselves for criticism on how "the rich" get all the tax breaks; that's inevitable !!!)
What do you think?