Houses For Sale Hit 5 Year High! Are House Prices About to Crash?

Houses For Sale Hit 5 Year High! Are House Prices About to Crash?

In this video, we explore the latest property market trends as houses for sale hit a 5-year high. Could this lead to a housing price crash, or is the market stabilising? Join us as we discuss expert opinions, key statistics, and what this could mean for buyers, sellers, and investors. Stay tuned for insights on the future of the housing market!

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[legalfictionisfraud]

One minute, these landlords were living the dream: collecting rent, not fixing boilers, and hiking up prices for rooms so small you'd have to go outside just to change your mind. But now? They're holding “For Sale” signs like they’re auditioning for a part in Les Misérables.

[Nijel-ohiz]

Not seeing this in west London? Not significantly more houses listed, a slight increase in qty listed, not much more choice and asking prices increasing month on month, agent or seller driven price increases? Good ones are selling at these prices, other take longer, reductions required.

[EduSena-jy]

My house was initially listead at 475k and went for 450k and now i can see property that is being on the market for over 1 year still.

[Theother]

I've been hearing about a house price crash for 30 years, mass demand and little supply means it won't happen, only if the population level drops drastically will this ever happen.

[weirdwolf]

Been keeping my usual eye on RightMove and the Cornwall properties seem to be heavily holiday homes - but not the kind you could live full time in, instead, the kind that allow you 11 months of the year. Like mobile homes, lodges etc.

[bladerower]

As a local in Cornwall, it's great to see more second homes being sold. Long time coming.

[stephen]

My thoughts are how much can labour screw us over

[Rob-zwqs]

I've been living in a rented property for 5yrs and my landlord has decided to sell to avoid CGT increase. Rent prices have increased significantly since i moved in 2019 and there's hardly any houses up for rent, on top of that my business is struggling due to the economy. Me and my dog could well end up homeless in a 3 or 4 months

[mrgrumpy]

This was initially driven by rent “reforms” and now is also to avoid Capital Gains possible changes. Not good.

[MsJusticeever]

James, the landlords are going to sell up en masse, but many properties are owned outright mortgage free by owner occupiers, so interest rate changes or landlords regulations and CGT changes won’t flood the market sufficiently enough. The capital gains tax only impacts those who sell second properties, not main homes.
Meanwhile there’s an acute shortage of supply in the areas people actually prefer to live in. In areas where there are so many more listings vs buyers, yes there will be reductions. But there won’t be an overall crash nationwide like in 2008. That’s my prediction anyway. Demand to buy will also go up if people will be unable to rent. And because of the landlord exodus reducing supply, more people will try to buy sooner than otherwise. There are far too many factors and not enough repossessions for prices to crash.

[leer]

It's the pound that's going down in purchasing power.

[matthewspry]

People who sold out of London during the pandemic and bought large houses in the country, now have high rates and cant afford

[-wp]

As a first time and cash buyer, how much below asking price should offer in this buyers market?

[robinrdale]

There quite a few houses that are just not that good for example a lot of the 4-5 bedroom homes built near me as such for the family have a really small garden not good for kids and only a driveway for one car

[vitaliistep]

There are rumours that the next pandemic might happen in October. I'm wondering how it would impact the market and prices, if so.

[Bubbles]

A house is only worth what someone's willing to pay for it! If sellers have unrealistic expectations then they either take the lower offer or they don't Simple!

[annieanonymous]

Totally disagree it is a buyers market in the area I live. I am in a commuter belt county around London (not in London), asking prices are higher than ever and houses are still selling well unfortunately. Plus I'm looking for the most competitive houses - one to two beds. We're the exception in this area. Estate Agent's have an easy time here, and yes they laugh at you here if you offer under the asking price as you mentioned.

[davidahhh]

will cgt 2019 rebasing still apply post these labour govt changes?

[debspaul]

Why all the click bait, getting depressing bye

[EileenSanders]

At the end of all the crap that is being put out there, the fact is house prices are way to high

I thing all the lights have gone out