Is the UK Housing Market Going To Crash? 5th Consecutive House Price Fall

A larger than usual UK Property Update video today, looking at all things in regards to the housing market prices, rental figures, repossessions, buy-to-let landlords, mortgage increases, property crash discussions, and much more! I hope it is useful and of course, thoughts and your input are always welcome in the comments.

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[TheAnxiousInvestor]

Hey guys I hope you’re keeping well. It’s been a while since I uploaded a full video so it’s slightly longer than usual!

Hope it helps. Just a few things 👇

1.Free 3-month subscription to Lendlord Premium!

I tried reducing the background sound throughout 90% of the video, and keep the images and text up for a little longer. Hopefully this helped those of you stay with the video better. I am always conscious of your time and the importance of not making videos longer than necessary just for the sake of a few images. So hopefully this is a good middle ground.
Based on today’s video, what are your thoughts on where the market will go in 2024 (Q4) and 2023?

Have a great weekend too! ❤️

[nicolasbenson]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[kinghowong]

Which is a better place to invest, liverpool vs manchester? both places offer freehold terraced houses which fit my budget of ~90-125K pounds. In Liverpool, i can buy a 3 bedroom one with rental yield close to 10% but lower future capital gain rate; in Manchester, i can only buy a 2 bedroom house with rental yield close to 8% but higher capital gain rate is expected. Also, i found the crime rate in the areas i target in Liverpool is much above the UK national crime rate, is it possible for me to receive the rent safely if i buy properties over there?

[DF-ddnf]

Thanks a lot for your video, I appreciate all the information you have provided. We need people like yourself.

[ThatsnotwhereIparkedmycar]

First time i've seen your content - Keep it up buddy!
We are only 1 year into this housing downturn, it's unlikely the market will bottom out until spring/summer 2025 (at least)!
Also, keep in mind mortgage rates will be higher for longer, so even if the market bottoms out in 2025, we may still be seeing mortgage rates of 4.5-6% for a long period!
The housing market doesn't 'crash; it falls by 1-3% per month. We haven't even seen a 15% decline since the top of the market in April 2022.
Stay patient & if it's an option look for other markets such as Asia to invest in property. The time to make disproportional gains in the UK property market is over, but there is always another market!

[filipdobrin]

The house prices should be 4x average . We have a household income of 80K+ and I would not risk buying a house at the minute . I am with other people saying the worse crash is yet to come. Someone done a house valuation that was on the market for 325 but the price was 262 . Houses are going down to about 25-35% worse case scenario will be 50% but it might happen. We will look at buying a house in 2026-2027 with a LTV of 60% .

[cobbler]

I think Sunak wants prices to fall so as has happened in US large corporation can buy up houses for cash.

[Lynnpjjbdndji]

Most important thing is ... Interest rates will not drop for a minimum of 2 !

[cobbler]

Interest rates go up houses prices fall interest rates fall houses prices rise. We are just stuck in between at the moment.

[Elizabeth-zpir]

Thanks for all the detail; it was very useful and informative.

[thethinkingman]

Do you think BTL landlords should be leaving a larger amount than the required 25% deposit? Perhaps that's the way around the higher mortgage rates

[antnam]

Not in London, especially expensive areas who don’t need a mortgage.

[asmaaaabm]

Do you think if I bought a house say mid 2024; I’d still have a very good chance of house prices falling? (Ie; 2024 buyers would still have negotiation power like there is in 2023?)

[ruthcormack]

I'm seeing UNDER OFFER figures being quoted by online agents right now where there weren't before. TEN PERCENT under - offers common. They are prolly hoping some will be tempted to 'gazump' these offers even tho' they'll still be WELL below asking prices - but I don't think that's happening. As they say on police interceptors - "CRASH, CRASH CRASH"! aLSO i'VE BEEN SEEING PROPERTIES WELL ATTENDED AT VIEWING FOR auctions BOUNCING BACK onto estate agent books after no sales.

[markjarvis]

Interesting video and you touched on what I think are the key steers in this hole scenario and what you need to consider further.
Imo. All those people who were hopeful btl landlord would be forced out of the market so they could afford a home, where are you now? Not buying your dream as interest rates are forcing you to remain in the rental market. Rents are higher and yet landlords are still selling? The balance of power between landlord and tenets makes it too risky for a low volume landlord. Institutional investors are not as heavily invested in the stock market and have cash to buy property. Renters I’m afraid you are not likely to get your break just your landlord’s will just be come big institutional businesses.

[aaronl]

Great video mate hope your good bro !!

[captainwalker]

When you're in a trend (up or down) you can't know the rate of it. Why? Because the rate is determined by data that hasn't emerged - and yet to come (in the future). Hence the power and speed of trends are usually discovered in retrospect - TOO LATE!

[troyotapreuis]

Would this mimic in other countries like US Or Australia

[paulmessenger]

As a landlord prices crashing doesn't worry me over supply does

[thomasowen]

6% interest rate is not ver high if you look historically it’s normal during the 1980 and 1990 they were around 10%.