Average UK House Prices Drop By £5,366 Following Budget

Average UK House Prices Drop By £5,366 Following Budget

UK house prices have taken a hit, dropping by an average of £5,366 following the latest Budget announcement. In this video, we explore what’s behind the price drop and what it means for buyers, sellers, and the housing market as a whole. Is this a sign of more changes to come? Watch now for expert insights and analysis. Don’t forget to like, comment, and subscribe for the latest updates on the property market!

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[CodenameKolibre]

All buyers need to be patient now and let this bottom out in next 9 months

[johntheaccountant]

As you said; Asking Price is not what the property sells for.
The Bank of England Interest Rates are not coming down because of inflation but because the government and bank of England have realised people and businesses are going skint.
Inflation is rising so Bank of Interest Rates should be going up but they will not.
Expect unemployment and a recession in 2025.

[steamhammerk]

I found that selling when the market is dropping you need to price it at the price you think it will be in 3 to 4 months time. so that might mean pricing lower than to think, there is nothing worse than chasing the market down because you never get a sale.

[mrnanji]

i put my house for sale at 245k as per estate agent in oct, and had to reduce to 225k in november, still not one person looking at it.
i bought it 175k 6 years ago.

[hustlinmagic]

Unless they are getting a great deal, I think anyone buying just now is nuts. Not because of the budget or Labour, but because we have no clue what the largest economy in the world is going to be doing in 6 months.

[jamessmithson-brrm]

It didn’t start today, it started about 2 years ago… everything has gone for 10-20% less than ticket price for the last 2 years and been a real struggle selling… if you paid the asking price for a property in the last 2 years you are a mug

[elly_makeup]

I wish to buy a house next year. I am unsure that the houses will drop 20-30%.

[NadqNadia]

A close friend is a gas engineer. Went to a rented property where the tenants told him they were left 2 month without a boiler, and now the landlord is changing it for electric one. And this landlord is a solicitor! Mind you, not a UK background, though

[reduitman]

UK house prices are so overpriced so that is only a drop in the ocean, especially in London.

[Gashinshoutan]

With the stamp duty thresholds coming down, it would affect both first time buyers and second home buyers alike.

[steamhammerk]

It`s good that house prices appear to be dropping as they have been far too high for years. This will help first time buyers and that`s good news for all.

[manishg]

It had to happen. The decline will only accelerate in the coming weeks and months. Correction due 🎉

[mattanderson]

Brilliant discussion

Excellent Analysis


Thank you Sir

I agree!!

[colonelflashman]

People do drop going to Christmas, serious sellers and serious buyers. but this data does not sound good to me, with wage inflation running and those prices rising 2025+ its negative.

[hkwf]

if the trend is going downwards, how can the rightmove predict a 4% rise in 2025?

[zerosumequation]

Average UK House Prices Drop By £5, 366 Following Budget - sell, sell, sell . . . no wait. If house prices are cheaper & rental is higher . . then buy, buy, buy . . .

[graham]

It's a minefield buying your first property, conflicting information everywhere and I'm on the side of not trusting the forecasts from estate agents. Buying in south west England where you can pick up a 3 bed for around £250, 000. Do you have any first time buyer tips, or pointers at where the market might go?

[youtubeman]

I said I wasn’t going to buy anymore, ,but with landlords selling up I’m being offered some real bargains and I can’t resist, em,

[CodenameKolibre]

No decent pay rises next year more likely increase unemployment. You’re far too optimistic

[MrVeryfrost]

So, it works? The housing crisis is in decline.