Asking Prices Suffer Biggest August Drop Since 2018 - House Prices UK

Asking Prices Suffer Biggest August Drop Since 2018

Dive into the latest trends in the UK's housing market as we explore the most significant drop in asking prices this August since 2018. We'll break down the numbers, discuss the potential reasons behind the decline, and ponder the implications for homebuyers and sellers alike. If you're thinking of jumping into the property market or just curious about the dynamics at play, this video is a must-watch!

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[Nnnuyyfdd]

Great news, needs to drop another 20%

[manishg]

Prices need to drop 15-20% to meet market expectations

[DavidJames-msrt]

The old adage may come to haunt a lot of first offer is usually the best offer'. I think a lot of people will have grossly overvalued the value and more importantly the WORTH of what people will be able to pay for a house in the next 12 months. Sellers may not be desperate now but as history dictates, panic often follows a downturn.

[Bigjohn]

I think first time buyers thinking that interest rates are going to peak soon and in 2 or 5 years they will remortgage at a cheaper rate, plus you know what you are going to be paying each month for the next 2 to 5 years rather than waiting to see how much the rent goes up. More FTBs are needed so that the bottom of the market stays healthy.

[michaeledwards]

what we have to factor in is how much house prices have gone up over the past 2 years, now is just a correction, my first house in 1973 cost me £6400 and now recently sold for £280, 000

[alfreddunn]

I like how they are using 2018 data, that was a very subdued year for house market...they should have used an average of the last 5 years...(or other comparisons) the figures would have been alot worse.

[barclayhhuga]

I work for the biggest UK property auction company in London. I can tell you, you dont see or hear what we hear.

The market is terrible and is going to get worse

[redeyejedi]

less stock than 2019. now compare the stock to the last few years of the price surge? you can't compare prices to last year in one sentence then stock from 4 years ago in the next as the lack of stock was a big cause of the price increases and that upward pressure has now completely disappeared due to decrease in buyers and increase in sellers.

[RonanTOC]

property market broken? rental market broken? we should allow another 1.2 million immigrants to enter the UK next year!!!

[wontbelongnow]

The whole property market was and still is well over priced . Thry where never worth what people were and are paying .but no one tells you this the truth.

[BixRibene]

Property Investors... Not the real reason house prices are so ridiculous today!!!😂