BREAKING NEWS - House Prices CRASH Huge Drop In August 2023

BREAKING NEWS - House Prices CRASH Huge Drop In August 2023

🚨 Urgent Update 🚨 House prices have plummeted across the UK in August 2023! Tune in for quick stats, who's affected, and what's next.

Let me know your thoughts, comment below, any questions also post them below.

USEFUL

CONNECT WITH JAMES ON SOCIAL MEDIA:


Videos

Programs

Still not subscribed click here now

#propertyInvesting #propertymarket #housingmarket

[manishg]

Expect a 20% in the coming months. You don’t need to change your mind every day! The writing is on the wall!!

[johntaylor]

ESTATE AGENTS NEED TO BE HELD RESPONSIBLE FOR THERE GREED

[gregrobinson]

Estate agents will always say the market isnt bad, it's their job
It's going to be 2% a month for at least another year imo.
All that free money borrowing produced a big bubble that's now got a little hole in it.

[jimyinam]

Every house I ring up to veiw is sold subject to contact houses are still selling believe me it just depends in what areas

[lewis]

The drop is due to people not being able to afford monthly payments on mortgages, not because of the drop in demand.
It's hardly rocket science.

[johnholkham]

Warning 0.5% interest rates were NOT normal don’t expect them to return, 4 to 7 % is the new normal. It’s not a big deal during the last few years house prices lost touch with reality . 1st time buyers are sensibly sitting on their hands waiting for the drop and without 1st timers the market just grinds to a halt. At the end of the day wouldn’t a return to pre 2020 prices be sensible . If the BOE think house prices are increasing interest rate May increase even more.

[bull]

I was out the other day and subject of landlords came up. Boring story cut short I could hold my own largely thanks to watching this channel. Your content really makes a difference … so thank you 🙏

[nigelwhitehead]

Hi average house price yes but there is nothing average about house prices London prices yes I agree but cheaper arrears seem to be holding if not on the rise. People seem to what to downsize in a crash so the cheaper end of the market becomes more popular than ever. Well that seems to be the way it's going in the south wales valleys.

[RJ-ryqu]

Sounds just like here in NZ - we had removal of foreign buyers, removal of interest deductions, and lending rates soaring from 2-3% to 7-9%. Where's the best place to see what regions in the UK have fallen the most/least?

[DjTango]

If you look at the average agent in Uk they are like 25/26 years old.

Most agents have never been in a situation of a decline so most will not be prepared or know how to approach this market. They are only used to house prices increasing. So whenever you speak to an agent they are always going to say market is strong. 😅

[robinlewington]

I have worked in the construction industry since 1984, left for ever in 2021, I have not seen any where a house built that is worth half the asking price in the last 25 years. Housebuilders are taking the consumer for fools. Wake up and demand the quality of build that your hard earned money requires, they really are laughing their nuts off every time one of you fools put down your deposit

[jossratcliffe]

Great video mate . Your channel is very very good info . Your good at making videos mate

[Marksavillmortgageadviser]

So good to hear someone state categorically that different sources will have different data because they all have varying inputs. There is no single market. Every city, town, and village all have their own markets. Within each market different sections will behave differently. Flats generally have a tougher ride. Interesting that the buyers of post financial crash were boosted by landlords who saw opportunity. Buy to let is tough at the moment and the cohort buying seem to be those fed up with paying ever increasing rents. Be interesting to see how all this plays out. Disclosure I am a mortgage broker, home owner, and landlord.

[beefy]

Lots of people want to see a housing crash but what they fail to understand is that since 2003 house prices have hardly moved if you remove inflation. That is 20 years! What has happened is that we have seen poor wage growth over that time but now wages are increasing. Yes mortgages are pricy but peoples salary has increased. If you couple wage growth with a lack of housing then this may well prop up the market preventing a crash. Also take into account regional variations. Those areas of the UK that saw that largest growth in the past few years are the places that are dropping, this could just be a market correction.

[zawarshah]

Prices will drop by over 30% from peak. Last year. Interesting times ahead.

[ferminromero]

Great info. Suggest getting a proper microphone to minimize echo and improve acoustics.

[quentin-ue]

Live under a labour council so my property has lost any value due to constant antisocial behaviour, noise, racism and physical threats that the council refuse to address and keep supporting to carry on. So housing crash happened to me and thousands more last year. I say no point in anything any more.

[faisaltanoli]

Thats not right in my case where this week i offered £10k more on asking price on the property and place like Redditch Worecestershire ...Still i didnt get the Property ....
So i dont know which House prices Crash you are talking about....infcat thats not the Case in

[Michael-fgcd]

Prices unchanged in my town with gazumping still common.

[glastonbury]

Who cares if prices come down, then the house you are buying has come down as well...only effects people who have bought in the last year which is tiny as new buyers