Sellers Are KILLING The Housing Market! (UK House Price Crash 2023)

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The UK Housing Market is grinding to a halt as SELLERS REFUSE to DROP their house prices, even though a UK house price CRASH is looking increasingly likely. House prices in the UK have been falling for over a year, yet there are still a large number of sellers continuing to incorrectly price their properties.
This is leading to a standoff in the property market as most buyers are fully aware that house prices are falling and they are refusing to pay these unrealistic asking prices.
Although this video is aimed at sellers, I don't blame them for trying to achieve the best price possible. They are often being advised by estate agents who are more interested in signing them as a client than actually selling their property.
Estate agents often overvalue properties in order to secure new instructions and then later persuade the seller to reduce the price. Unfortunately, this strategy often means sellers end up selling for even less than they would have done if they had priced it competitively to begin with.
The latest House Price Index report from Rightmove shows this is one of the biggest mistakes that sellers can make. New listings that are overpriced have a much lower chance of selling, even if they are reduced at a later date.
Are you buying or selling a house? Do you think house prices are going to crash in 2024? Let us know in the comments below!

Опубликовано:

30 сен 2024

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Комментарии : 259

@HonestMoney 11 месяцев назад

• Follow me on Twitter for my latest thoughts: twitter.com/darrenthedegen

@withoutmotive3796 11 месяцев назад

crazy how much time you spend worrying about a variable that isn't even well defined

@withoutmotive3796 11 месяцев назад

if you wanna buy something cheap, find it, stop waiting for future events

@kortyEdna825 10 месяцев назад

I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.

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@rollthetape88 11 месяцев назад

EVERY SINGLE VIDEO HOUSE PRICE CRASHHHHHH!!!!!

@SycAamore 11 месяцев назад

Let these greedy bastards slowly bleed. I don't mind if prices lose 1-2% every month. We'll eventually get to these -35% by around mid-2025. The other day I saw a 3-bedroom house selling for £635K in my area. And when I checked the sale history...surprise, surprise! It was sold for 390K...in 2023! I know that this is some clueless flipper who spent some money on renovation, but asking for an additional 245K??? Well...if you see crap like that you know where we're heading...

@Bubbles77418 11 месяцев назад

Very well said 👏

@serraios1989 11 месяцев назад

@SycAamore Let us know if the property price will be reduced or if sold

@eddthirty4065 11 месяцев назад

is there a typo SycAamore?

@SycAamore 11 месяцев назад

@@eddthirty4065 That price is real. Search in RM for a 3-bedroom house in Maidenhead...

@adamski6312 11 месяцев назад

He obviously turned his 3 bed semi into a 7 bedroom detached bungalow with swimming pool and equestrian facilities

@newgghoster6166 11 месяцев назад

Soon you will realise that your "predicted" -35% will never happen 😂😂😂😂

@nicky_nike 11 месяцев назад

Correct, it's going to be -50%

@newgghoster6166 11 месяцев назад

@@nicky_nike or -100%, but in your dreams obviously 😂😂😂

@nicky_nike 11 месяцев назад

@@newgghoster6166 Is -50% in your nightmare, cuz that is what it's going to be. Interest rates will up again shortly, backing-up my prediction.

@victoredwards3959 11 месяцев назад

@@newgghoster6166. Honestly, most people on this guy comment section are angry 😡 house buyers, who are looking for a crash , and that includes the content creator, and they are getting more upset because house price is not coming down enough to meet their expectations. I genuinely think that they deluded, and they are chasing clouds. House prices is not going to crash , I predicted at the beginning of the year , the best that they will get is 20% drop. Maybe few repossessions going at 30%.

@andypyne 11 месяцев назад

The problem is, as you summed up, that people think they are losing imaginary money when they have to reduce the price. This is causing a reluctance to both price sensibly and also reprice. Most Estate Agents are just plucking figures out of thin air for a houses value and the client nods and is manipulated into a mindset that their 2-bed end of terrace in Rotherham is 'worth' upwards of half a million quid. Then come viewing time, the Estate agents do little more than stand in a room and say "and this is the Kitchen" like it's some sort of revelation a prospective buyer would never have realised without their astute knowledge of what rooms a house has. That's if they bother to turn up in the first place. And so with sellers looking at houses priced too high, they of course price their house too high and so the pointless spiral continues. "I'm not selling my 4 bed semi for less than £750k as the 3 bed semi I want to downsize to is £500k"

@MrDirkles 11 месяцев назад

Prices are set at the margins. It only takes one reduced sale to bring down the whole street.

@adr3510 11 месяцев назад

@@MrDirklesthe market is delayed and not up to date with what’s happening at the top, 2025 you’ll see how drastic it gets when all these people with no clue MUST sell or take even bigger losses. It’s the same in stocks and crypto

@piospisspot 11 месяцев назад

Something must be holding property prices up, what is it?

@GrahamGroovyUK 11 месяцев назад

@@piospisspot Mrs Slocombe's knicker elastic by the looks of it!

@adr3510 11 месяцев назад

people that dont want to sell for less and dont need to yet@@piospisspot

@RobertGillontheinterweb 11 месяцев назад

Lol man tries to convince sellers to sell at the price he wants to pay

@nicky_nike 11 месяцев назад

More like the price the market wants to pay.

@mneri 11 месяцев назад

The title of the video says it all: "Sellers are KILLING the Housing Market!"

@nicky_nike 11 месяцев назад

@@mneri That's correct, as they are not suiting the market.

@nicky_nike 11 месяцев назад

@@karlwest437 and usually guided by the market. If you want to buy a house, you tend to look at the prices of similar houses.

@RobertGillontheinterweb 11 месяцев назад

@@karlwest437 and what someone is willing to sell it for

@dongmingzhu666 11 месяцев назад

Scaremongers like you are always saying a crash is coming 😂

@raybayliss4966 11 месяцев назад

In my criteria on Rightmove, every house on the first 5 pages has either been reduced or claims to be a new listing. Every one. Some of these houses have been on there for months. Asking prices mean nothing. In a hot sellers’ market houses might sell for more than the asking price. In a buyers’ market they will usually sell for less, sometimes much less. The seasonal uptick in asking price is the lowest in 15 years and one possible reason there was an uptick at all might be that people know they will be negotiated down, so they raise their starting price to allow them to meet the buyer at a higher middle point. That might work in horse trading but, as you have shown, its a bad strategy for house selling.

@phild2316 11 месяцев назад

People waiting for a 30 - 40% drop in price are just gonna keep missing out , 10 -20% is what buyers should be waiting for . I've been through 2 housing crashes and there never as bad as the press make out , people hold off waiting for the massive crash which never happens , then interest rates get lowered and suddenly prices start going up 5% a month and buyers who waited once again miss out and start complaining they can't get on the properly ladder . It's not only sellers that get greedy .

@daniel_tenner 11 месяцев назад

You may well be right. “This time it’s different” are very dangerous words. And yet… inflation is not actually down. Wage-price spiral has set in. Either there’s going to be endemic inflation and house prices will go down in real terms, or long term high rates (higher than now!) with forced selling, and then the nominal prices will go down. But you’re right that illiquid assets tend to change direction very slowly.

@alansimms2238 11 месяцев назад

House will never drop 30-40% .. never happen

@daniel_tenner 11 месяцев назад

@@alansimms2238 I think "this will never happen" are the second most dangerous words in investment/trading history, right after "this time it's different" :-)

@Taporeee 11 месяцев назад

You lived through 2 and only think its the press? The press have literally hyped prices for 25 years. A correction is needed

@TheSanddancer 11 месяцев назад

@@alansimms2238 affordability is down 30%, so why not?

@agritrend4812 11 месяцев назад

Have you seen the cost of renting? Have you tried to actually rent? Buying is so much more attractive than renting and this is evident in the way people think more and more!! There is a shortage of housing mate. Last year net migration to the UK was plus 600k and the UK is not building 600,000 bedrooms per year. Transaction rate has slowed. The properties which sell are the good ones to the buyers who can afford them so prices have been slower to dip. Prices will fall away a bit more. But by mid Spring 2024, with interest rates poised to fall and with bitter mortgage price wars raging, the market will level off into a slow climb. But in real terms measured against inflation I foresee a slow reduction in house prices in real terms for a few years. But there will be no crash. NOT ENOUGH BEDROOMS FOR A CRASH TO HAPPEN!!! And the housing bubbles of the US, Canada, Australia, Singapore and other international hubs have been far more pronounced than anything the UK went through. No bubble to burst. We are in a relatively stable ever-bubble for UK housing. Pandemics, Brexit and European wars have confronted us, but they could not dent the steely cladding of the UK housing market.

@mneri 11 месяцев назад

I have two pieces of advice, here. The first is "markets are irrational" and the second is "markets can remain irrational longer than you can remain solvent". I think they fit pretty well here, although they were originally for the stock market. If you believe the housing market is irrational at the moment, keep in mind that the housing market could keep going like this for a long, long time. So long, in fact, that they could outlast the high interest rates.

@scottmyers9850 11 месяцев назад

This comment should be pinned.

@t1metzger 11 месяцев назад

Sellers are learning the hard way that their greed is costing them. I put offers on a couple of houses back in June. In both instances, they went with a higher offer. In the past two weeks, BOTH sales have fallen through, BOTH have been relisted AND they have reduced the price to BELOW what I offered. House 1 listed at 325. I offered 315. Relisted at 310. House 2 listed at 290. I offered 275. Relisted at 270.

@chloes3897 11 месяцев назад

Question is do you offer again for a lower price if you haven’t found somewhere 😂

@scottmyers9850 11 месяцев назад

Sounds like you are salty at being outbid?

@t1metzger 11 месяцев назад

@@scottmyers9850 That's it mate, I'm 'salty' that their overbidding has put me in a better negotiating position and I can now bid again on either house at a lower price 😂😂😂

@scottmyers9850 11 месяцев назад

@@t1metzger so do it.

@AM_o2000 11 месяцев назад

All the more reason to be unapologetic about putting in low offers. Sales take months to go through. No point offering an amount now that you may have to revise (or pull out from) in four or five months' time.

@youtubeman5033 11 месяцев назад

There’s lots of cash buyers out there, and plenty of bargains, I’m not buying with a mortgage who can afford them it will slow me down

@2penry2 11 месяцев назад

1 Thing I've noticed recently is a lot more auction properties appearing on Zoopla. Could this just be down to less sellers in general? or more defaults on mortgages?

@simoncherwell 11 месяцев назад

Mostly these are not repossessions, just sellers who haven't managed to sell with a conventional estate agent so are now trying an auction.

@kenmann5385 11 месяцев назад

The auctions pop up with reserved pricing to protect the seller in the hope it will be quicker sells. I noticed more auctions especially for the 4bed detached category which never went to auction before. Roll on the next 12pm this when unemployment forces sellers hands more.

@tea.topzone 11 месяцев назад

Auctioneers are reducing prices too and some houses not selling on more than one round of auction.

@WillyJunior 11 месяцев назад

Buy to let defaults are very high right now

@Leapops 11 месяцев назад

This really isn't rocket science. If you are desperate to sell and overprice you will get no offers and viewings will quickly dwindle. So you reduce. If you look at right move it is full of such properties. Once the price hits a buyers expectation it will receive an offer. Again if you look at SSTC properties on right move you can see this regularly happening. If you are not desperate to sell you can take a more leisurely route to getting to the right price or choose not to sell. Of course the market is stagnating as there are many views of where the market is heading. Some think a massive crash, others think the current reductions are about right and more think it is somewhere between the two. It is called uncertainty which will always mean transaction volumes will significantly reduce.

@Samuels691 11 месяцев назад

Offered £350k on a property that came on as £375k two weeks ago. Got rejected day after. I left my offer on table until end of September. EA just reached out to me to today saying seller was ready to accept my offer. Unfortunately my offer expired and I changed my mind on the area. I sense danger for people that really want/have to sell.

@Samuels691 11 месяцев назад

@healthiswealth6797 part of me feels I should have first offered £320k but oh well. Live and learn.

@amitdasor6171 11 месяцев назад

I would blame the middle man, the agent, they are not honest to thr seller or buyers.

@immrchris 11 месяцев назад

I'm selling atm im not lowering the price it'll just come off the market until it goes back up again simples!

@RobertGillontheinterweb 11 месяцев назад

No likes because people don’t want to hear this, but so many people don’t need to sell, they just want to and are willing to wait

@apj3863 11 месяцев назад

Everyone assumes because you’re selling they can low ball and treat it like Facebook Marketplace not everyone is desperate 😂

@Littletime839 11 месяцев назад

Darren doesn't get that, according to him you are KILLING the housing market when in fact you ARE the housing market

@jockster5525 11 месяцев назад

Meanwhile the south east looks like sub Saharan Africa

@bobpearson896 11 месяцев назад

Affordability isn't going to improve, nor is supply, that's the standoff . Build costs have increased massively along with mortgage costs, that's the real blockage, builders won't build if buyers can't afford to buy

@joelincoln6560 11 месяцев назад

New build estate is being built near me and bungalows on an affordability scheme are 300k. In the North East. In an area with no jobs.

@ecoterrorist1402 11 месяцев назад

they are designed for persons that already own a home, what's the 1st time purchase price in your area.

@albertodejuan6104 11 месяцев назад

If sellers don't need to sell, seller don't need to wake up. End of story.

@apj3863 11 месяцев назад

Am I the only one that doesn’t get it? If I was out the market and waiting for a crash on a typical £350,000 I would be paying easily £2000 a month in rent. But if that same £350,000 house price is dropping 0.5% per month(6% a year) that’s only a drop of £1,750 a month What’s the point? Rent is costing me more than the house price is dropping please explain???

@Leapops 11 месяцев назад

They doom merchants think house prices are going to fall by much more than 6% a year.

@Leapops 11 месяцев назад

Also if your house price falls you still own a home. Whilst renting your Landlord may decide to boot you out with just 2 months notice so you no longer have a home. So unless you have to sell then there is no point. Just accept that prices do fluctuate and you have to live somewhere.

@AM_o2000 11 месяцев назад

Two points on your example: 1) A £350K house is approximately 25% more expensive than national average, whereas £2K/month rent is approximately 67% more expensive than the national average. For it to be a fair comparison, you'd have to compare a £467.5K with £2K/month rent or a £350K house with £1.5K/month rent. 2) House price falls tend to follow an s-curve graph. The falls in the early stages have been 0.5%/month. We should expect to see steeper falls over the next 12-18 months before the market bottoms out.

@Leapops 11 месяцев назад

1) So on your numbers maybe marginally better off renting? I doubt many are going to sell up and join the totally dysfunctional rental market for that minuscule gain. 2) Where is your data for that? In my life time there have only been 2 house crash events. 1989-1994 and 2008-2012. 1989-1994 certainly was not an S curve fall. More like a stretched out U. I am not expecting steeper falls unless unemployment really takes off.@@AM_o2000

@AM_o2000 11 месяцев назад

@@robertjones2053 Evidence?

@peterrogers3085 11 месяцев назад

Here is a classic, there is a house listed around the corner from me at 205k (NN10) and i thought, that's a good price, as i know these were listed at around 245k just over a year ago, but then when i checked the sale history it last sold in 2021 for 173k so it's still way up on a time when rates base rates were 0.1% and you could get a 7 year fixed mortgage at sub 1% with a 60% LTV, if you wan't to know how prices can go down 40% from here, this is how as current asking prices are fake and people still think prices can rise 17% when interest rates have gone up from 0.1% to 5.25% so beware.

@elthamlad468 11 месяцев назад

My house in south London has dropped massively, well over £25k from £525k to now potentially £475k to £500k valuation. Other local houses have been reduced. One was £600k now £550k. One £475k now offers over £435k. If people think houses are going up they are deluded.

@Leapops 11 месяцев назад

A 25K drop from £525K to £500K is less than a 5% fall. That is a mild fluctuation and not massive drop.

@elthamlad468 11 месяцев назад

@@Leapops That's a minimum drop, estate agents actually said £475 to £500k, but realistically would be hard to achieve the higher figure in the current market.

@Leapops 11 месяцев назад

Well if you are going off estate agent valuations then the numbers you quote are basically meaningless.@@elthamlad468

@TheEnglishCad 11 месяцев назад

Fully endorse this video. Recently offered £500k on a property on Rightmove at £625k which has been on since June. Estate agent admits there have been no offers. Property has damp in at least two places and needs new windows, doors, plastering,plumbing, electrics etc. We also don’t need a mortgage so can move quickly.. Turned down flat. They want more money and i believe they may well regret that decision this time next year…because I think £500k is generous.

@offshore.anglers 11 месяцев назад

Stay tuned for the next video about ... The same thing

@bengun1 11 месяцев назад

According to Zoopla my house price has dropped 4% last month alone...if that continues.....

@mneri 11 месяцев назад

According to Zoopla, the price of my house went up 1% last month. I bought my house at the end of 2022 (peak market) and now it's worth 3% more than what I paid for (again, according to Zoopla). What's your point? Zoopla estimates are notoriously stupid.

@scottmyers9850 11 месяцев назад

According to Zoopla my house value is up considerably from last year and up 54% since 2019.

@Littletime839 11 месяцев назад

If that continues then in a few months your house will be worth zero.

@Littletime839 11 месяцев назад

You don't need to explain this to sellers, sellers will understand if nobody is interested in buying and reduce the price. Simple.

@Bubbles77418 11 месяцев назад

You would hope that would be the case but if they're not desperate to sell, they won't rush to reduce! Greed will always win over 🤦

@damiandbg 11 месяцев назад

My mum didn't.

@BIAWolf 11 месяцев назад

The biggest hold-back on a good crash / correction is going to be the demand on housing. There isn't enough houses, sellers can remain ignorant and not budge because some buyer will eventually fold and pay the price

@Leapops 11 месяцев назад

If someone chooses not to sell that is not greed. It is a rational choice.@@Bubbles77418

@damiandbg 11 месяцев назад

@@BIAWolf actually she folded

@kevinleesmith 11 месяцев назад

My house has increases on price, on average 5% per year since 2010. People can't buy houses because the interest rates are too high and the covid debacle has destroyed the UK finances. U have to realise that a percentage (20%? 60?) Do not actually NEED to sell. So they don't.

@StellaAsh 11 месяцев назад

My next door neighbour has dropped her price by £25k but says she will NOT go any lower! I said she will chase the market down but she gave me a blank look...

@p.s.phouse6415 11 месяцев назад

YOU TOOK THE WORDS RIGHT OUT OF MY MOUTH AM WAITING 24/25

@nafizhaq4554 11 месяцев назад

This so why judging by cover is dangerous! 85% people woudnt read indepth of a news beyond headlines! When it says "house price increase" it depends what they are comparing against and understnad the data.

@rob2738 11 месяцев назад

We had been looking at moving earlier in the year. I’ve noticed the amount of houses being listed in our area has dropped massively. This will keep prices high.

@2525Hudson 10 месяцев назад

I guess in real terms the sellers who over price their property can simply wait, they have a home to live in and even if the price is way over what it should be, it just does not sell, no big deal, they stay in it and carry on. The buyers though may have no option but to stay in their rental or with their parents until a house with a more realistic seller comes along. The only caveat to this is those that fall into financial problems due to the increase in mortgage rates which they took out 2 years ago on a cheap fixed rate............. Now they could be in real danger.

@HaHa-bc4zr 11 месяцев назад

This guy is like a broken record. You tried to time the market and messed up, sold your home at the wrong time. Sellers can ask whatever they want. They hold the asset.

@tachyony 11 месяцев назад

The problem is there is not much available or its overpriced. They are not selling, or just go very quickly.

@sailingmrnice 11 месяцев назад

Property is way overpriced and needs to crash. Rough but true.

@janedeacondeacon9832 11 месяцев назад

THE GOLDEN RULE IS NO REAL OFFERS THEN YOUR PRICE IS HIGH LOADS OF OFFERS YOU ARE TWO LOW, HOUSES ARE NOW A COMMODITY SO SELLERS GET REAL .I LOOKED AT A HOOUSE THAT WAS 600K LAST YEAR AND THE SELLER IS NOW ASKING 595 K HE NEEDS TO GO DOWN AT LEAST TEN PERCENT BUT BY FEBUARY YOU WILL ALL SEE A CHANGE AS THE DOWN TURN BITES

@blackola7559 11 месяцев назад

The sellers aren’t waking up. Haha if the price is shit, people don’t sell unless they must but how many people like that are there, not so many as to crash the market

@razorphone77 11 месяцев назад

What makes u think a crash is increasingly likely? The title of your video says sellers REFUSE to DROP prices. So which one is it? There will just be stagnation if no-one is prepared to budge. It's clear from your content that you obviously want a crash and I wonder if you're trying to induce one. You just want to blame sellers for KILLING the housing market and stalling the crash you so desperately want. Similar to those videos about a crash in the stock market, around the corner, soon, coming, its started, one more minute, wait for it, next 2 weeks, after Christmas. Although I wonder if the situation is a little more nuanced. Prices are dropping based on houses that have actually sold. So is it because people NEED to sell, as opposed to want to, as a result of interest rates - are the stats made of those people? What type of properties are they? Is it any different from usual in terms of the type/price of properties that are selling?

@RabJ208 11 месяцев назад

Alot of the data seems to be conflicting. The land regestry UK price index say that as of July 2023, the average house price in the UK is £289,824, and the index stands at 152.0. Property prices have risen by 0.5% compared to the previous month, and risen by 0.6% compared to the previous year.

@RobertGillontheinterweb 11 месяцев назад

Land registry lags by 6 months

@RabJ208 11 месяцев назад

@@RobertGillontheinterweb, Lag or not; the LR data indicators show a median house price rise in the 1st quarter of 2023. There are other sources that say there was a drop by the first quarter of 2023. Which brings me back to my original point that alot of the data is conflicting.

@liberality 11 месяцев назад

@@RabJ208Is that median house price rise adjusted for inflation though? Money isn't worth what it used to be.

@RabJ208 11 месяцев назад

@@liberality, I'm speaking in terms of house prices compared to the previous year. Inflation was high in 2021 and 2022 also.

@liberality 11 месяцев назад

@@RabJ208 That's true, but sometimes house prices rise in real terms, and sometimes they don't.

@reffusion4228 11 месяцев назад

Home owners have always been told, housing is a great investment. It is! You’re right! What the home owners in the comments are failing to realise, is that they’ve gone up just a bit too much recently and are due a correction of atleast 20%. It’s sad to hear I know. However renting is currently cheaper than buying and so whilst renters will continue to have freedom on where and how they live, you will be stuck… potentially waiting 10 years until the prices you’re asking for now become valid…

@-DC- 11 месяцев назад

Renting cheaper than buying??? Not round me it isn't.

@Leapops 11 месяцев назад

Strange that. I sold my late mums house in May to renters desperate to leave that totally dysfunctional market. I know I am glad to be tucked up in bed in my home and frankly don’t care if the notional price does fall 20% or more - at least I don’t have to worry about a s21 requiring me to vacate before Christmas.

@blitzsah 11 месяцев назад

This man is consistently wrong, week in week out

@cerulyse 11 месяцев назад

It's not just the housing market you see it everywhere from the car boot sale to eBay people trying to flog old any tat for silly money like it was 1999

@thenomad9853 11 месяцев назад

All of this conjecture only holds for *first time buyers* or cash buyers. In all other scenarios EVERYONE is both the hungry buyer you describe AND the terrible greedy seller that wont reduce the price, because the majority of peoperty sales occurr in a chain. In fact even if you are selling a small starter home property, TO a first time buyer a chain still exists because the seller needs to buy another house and that upward chain affects the first time buyer. As virtuous and marekt savvy as you belive the buyers to be - do you think theyve ALSO priced *their* house, the one they are selking in the chain "correctly" ? No. Therefore (1) the price deop makes relatively no difference unless its a first time buyer, or someone moving a great distance to a region where property is priced differently +/- because largeky speaking any property price fluctuation apply to both the seller and the buyer (who is also selling their property). (2) the housing market will slowly find its current market prices, it wont panic crash by 35%.

@cosminciobanu3632 11 месяцев назад

Next they will compare it to 1990 and they will say house prices are rising compared to 1990 :)

@CaratacusAD 11 месяцев назад

So, I own a property on a nice riverside estate in London Docklands. It's one of the older developments built in the late 90's. I bought it very reasonably back in 2005, along with a lot of small personal landlord investors back when that kind of investment was viable. Now all these landlords are selling due to most of them retiring and the increased costs/rates/tax of BTOE. Unfortunately, their timing couldn't be worse due to the high interest rates and the fact younger people just don't have the money these days. Back when I bought London was a very different place. It wasn't overloaded with people for outside of London and the world like it is now. People must get on waiting lists to rent. But now nobody wants to own these places either as an investment or to live in. So, the result is a flat on my estate is severely under-priced compared to all these parts buy/part slave schemes that all the new builds seem to be.

@adm58 11 месяцев назад

The prices 10 years ago were about right.

@RobertGillontheinterweb 11 месяцев назад

lol ever heard of inflation?

@user-eg8pv2om7j 11 месяцев назад

Should have bought the house 10 years ago then shouldn't you ?

@Littletime839 11 месяцев назад

You or I don't decide what's right, the market does. 0:02

@adm58 11 месяцев назад

To clarify; I meant before the Govt/BoE reduced interest rates to previously unheard of lows. No free market there. The only interest rates should be market ones, not central bank manipulated ones. Also no free market in supply. Lots of demand would result in lots of supply without govt interference to limit it (i.e. no permission needed to build).

@-DC- 11 месяцев назад

I've seen a house locally go from 375k to 300 and it's still not sold lol, Anything needing work has to be discounted massively to get any interest currently.

@benjaminjeffreys7027 11 месяцев назад

Sell your house with strike, we did and we didn't pay a penny to anyone other than the conveyancing once we found a buyer. We did all the viewings and the buyers appreciated our knowledge of our own house, we had 10 offers and we negotiated and saw a 50% profit in 7 years of ownership. Because of the market we also had to overpay on our house we were moving to.

@alansimms2238 11 месяцев назад

House prices will fall but not as much as people think.. the housing stock is still very low and rent is far to high.. 5% tops and after winter it will grow.. at the end of the day a house is only worth what someone is willing to pay, but unfortunately to many people want homes.. 4 people won’t pay the price but 1 will… people want to get out of renting market. So houses will still hold a price.. what should happen is people should not be allowed to buy a second home.. if you want a holiday home buy a caravan near the sea, let the young buy there own home..

@timeforchange777 11 месяцев назад

Easy, everyone reduces by 15 percent then everyone is in the same boat. We can all pick hairs in that statement but pretty much its the solution. If it puts you in negative equity then stay put and wait it out. Very very simple.

@caseychaffin5445 11 месяцев назад

Bad for buyers avast are you smoking. Cheaper prices are good for buyers

@carte0000blanche 11 месяцев назад

Cheers Darren, before watching this video I saw the articles saying the exact thing you said would happen in the previous video and laughed.. as a prospective first time buyer the market still feels so overpriced, but your videos are helping give context and I'm continuing to bide my time.

@JG-fg1ye 11 месяцев назад

desperate Darren, still delusional, too much demand for price crash

@adamsowa5927 11 месяцев назад

Your videos are killing me 😂

@DaKoolDude 11 месяцев назад

Same video every other day LMAO

@Littletime839 11 месяцев назад

Whenever a report comes out suggesting house prices aren't crashing he'll release one saying "YES THEY ARE!!!"

@richardp1726 11 месяцев назад

Works both ways though. yes if buyers refuse to pay asking prices then some sellers who are desperate to sell may have to drop their price however it also works the other way which is that if enough sellers hold out for their asking price then the buyers will have to pay the price being asked for. As long as enough sellers hold their nerve then the market will stabilise again

@scareybailey 11 месяцев назад

Less supply = higher prices. Those that need to move will have to pay it. The rest will wait it out for lower mortgage rates. Still no 'crash' lol😂

@oktfg 11 месяцев назад

That’s the property cycle. The current low levels of supply demonstrates we’re now past the bottom. Like you said lower mortgage rates will signal the start of the next cycle upwards. Still bargains available. Houses that need work to them or properties from a failed small time developer who couldn’t repay their bridging loans etc. None of that type of stock indicates a ‘crash’ just poor decision making by vendors who mistimed their purchases. Auctions deal in the misery month in month out during booms and bust.

@Hawksby 11 месяцев назад

There has never been a property crash…prices slide over a number of years. Circa 6% fall this year, projected 6% next year…add in the effects of inflation…id say we are on for a 30% slide. Still…glad you can laugh it off 😂

@nicky_nike 11 месяцев назад

@@Hawksby There is at present no effect from inflation. For that to happen wages would have to keep pace with inflation, and they are way behind.

@nicky_nike 11 месяцев назад

Less cheap debt = lower prices

@scareybailey 11 месяцев назад

@@nicky_nike Banks and building societies are already competing for the reduced mortgage business by dropping rates. They want to lend as that's how they make money.

@ojbeez5260 11 месяцев назад

Sellers are Nutz!! If you overprice it...your going to LOSE money BADLY!! A Lot...simple fawkin ' economics...duhhhhh!!

@Littletime839 11 месяцев назад

How exactly will a seller lose money if they decide not to sell in order to avoid losing money?

@ojbeez5260 11 месяцев назад

@@Littletime839 Ok, don't watch the video then. House values are FALLING FAAAAAAST (you think 2008 was something!!) but sellers are not dropping the price...which means they will LOSE money. Pretty simple. So you will have to drop you price even further...it's not rocket science...apart from some dumb house owners/sellers. Look at guy in video ...he ain't stoopid...he sold his house and is now renting because it is more financially beneficial.

@sebluketravis2438 11 месяцев назад

Poor lad seems to be getting more and more frustrated, I think he said -30% didn't he?

@scottmyers9850 11 месяцев назад

@@Pluto6661dream on

@g.p616 11 месяцев назад

Great video- Very informative and professional presentation.👍

@Littletime839 11 месяцев назад

What is it you learnt from it?

@Taporeee 11 месяцев назад

Brilliant

@colinellicott9737 11 месяцев назад

Disagree. The data I analysed showed patience is the sellers friend, not their agent who wants a quick sale no matter what price lowering has to happen to make it fire sell. Patience is the agents enemy, the agent can't stand waiting. You have to understand motive to understand words and actions. Motive of the agent is more sales more money, therefore turnover is king. For a seller it is price, the higher the better. These are fundamentally incompatible.

@darrencurtis8409 11 месяцев назад

If sellers don't reduce their prices then the prices won't come down. The only ones being sold will be at a higher price. I think with all these years of low interest, it has been in effect an investment in the housing stock. Taking into account inflation, are house prices really overpriced?? This seems like a desperate people to start selling at lower prices in order for your theory of a house price drop to come about.

@TheSanddancer 11 месяцев назад

What an utterly ridiculous comment. You have absolutely no idea what you're talking about.

@ddddggjgjhjhjhjk 11 месяцев назад

I think sellers AND buyers need to wake up, we’re not in a buyers market yet, we’re not in a sellers market yet, the market is stagnant. Too many buyers thinking they will bag an unrealistic bargain and too many unmotivated sellers. Whether this remains won’t be known until at least 2024

@connormcleod9595 11 месяцев назад

Wait till 2025 and get the property 30%+ less

@barmy_irooni 11 месяцев назад

Okay & then you woke up with your face in your Co Co pops AGAIN!!! 👍 lol

@Littletime839 11 месяцев назад

Timing the market - clever move, never fails

@annieanonymous611 11 месяцев назад

Hallelujah! The high asking prices majority of properties are coming on at around me are pretty much still the same as last year! Delusional. Someone needs to have a word with the sellers and bang together the heads of the estate agents. I know its awful to say but I've had enough of many of the EA's in my area. Hope they are starting to get worried for their jobs as they need to do a better job for themselves and their clients.

@razorphone77 11 месяцев назад

If the agents aren't getting the turnover they need, they will start suggesting lower prices. The fact they're still asking for those prices must say something about their turnover, unless they're really are just happy to make less money. Remember the agents don't care about the price too much, may are fixed fee, far more important is the throughput. So they must be getting it.

@kennguyen4540 11 месяцев назад

I was an unexperienced stock trader and i lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $5k profits weekly. Thanks so much Mrs Brittany Utley

@kennguyen4540 11 месяцев назад

She's mostly on Telegrams app with the name below.

@kennguyen4540 11 месяцев назад

investwithutley💯,, that's it

@gaspode505 11 месяцев назад

Wow, it is so easy, like printing money

@m0rce1 11 месяцев назад

This scam is still going? Everyone knows by now it's a SCAM

@klawlor3659 11 месяцев назад

Not Brittany Uttley-Bongo? She is first class mechanic, prostitute and village abortionist in Lilongwe. Very good lady. Didn't know she has diverged into online scams....

@ianmolyneux4181 11 месяцев назад

Really look forward to these videos every week. Always put across very well. Keep up the great work. Thank you

@DaKoolDude 11 месяцев назад

It's the same video every week lmao

@scottmyers9850 11 месяцев назад

@@DaKoolDude lmao so true, he's just getting more and more desperate though.

@Littletime839 11 месяцев назад

Seriously?! What lesson did you take away from this video?

@rob-123 11 месяцев назад

The problem now is the economic impact is starting! Manufacturing is now getting hit hard VW are asking for a bailout and others struggle. They raised interest rates to stop people spending but it's hurt people that rent and brought a house! It's a real struggle now but businesses are being affected so we can expect stocks and jobs to be badly affected next!

@benrogers5027 11 месяцев назад

Worse than 2012

@Littletime839 11 месяцев назад

Why what happened in 2012 other than the Olympics?

@benrogers5027 11 месяцев назад

@@Littletime839 - the house market bottomed in 2012 - it was the lag effect from 2008

@PhantomMark 11 месяцев назад

House over the road has been up for sale more than 8 months, started at 325k, down to 280k and still not sold.......

@RobertGillontheinterweb 11 месяцев назад

What do the comps say it’s worth? what’s the address I’ll tell you what it’s worth right now

@deboraleggerini5729 11 месяцев назад

Having a property is massively a once-in-a-lifetime endeavor. Do not sell your property just on impulse. If you can, hold on to it for one year and then sell it as it may be a completely different game by then. I am a property developer and I can say: "Do not go by estate agents as they know fuck all and do not go by RU-vidrs who are clearly not for landlords".

@SycAamore 11 месяцев назад

That's not a very clever advice buddy. We are in a falling market...of course you can wait as long as they want, but every month you lose around 1% of your equity...

@FFVoyager 11 месяцев назад

@@SycAamoreOnly if you have to sell.

@deboraleggerini5729 11 месяцев назад

@@SycAamore I'm not a buddy. Also, I said: "If you can hold on to it". Only desperate people sell when the market is low. I buy and make money.

@SycAamore 11 месяцев назад

@@deboraleggerini5729 I don't know what you're but you don't seem to be very financially literate.. Never wait for the market to hit bottom. It may never bounce back to the 2022 peak levels, at least in our lifetimes. There are so many factors pointing to this, and also with Labour coming to power next year...

@Leapops 11 месяцев назад

Unlike you I actually own a property, have just sold one and about to buy another for a relative. I couldn't give a monkeys if any of these properties lose 1% or so of equity every month. That is because 1) I am buying HOMES not investments 2) Any fall in "equity" is just a reversal of some fictional value that I did nothing to earn. Unless you bought very recently the falling equity is a total non issue.@@SycAamore

@andyrudd7509 11 месяцев назад

House prices have significantly fallen already in real terms, I don’t think market will move down much more, unless their is a big recession. You can’t review the housing market on simplistic nominal terms you need to see what’s happening with the other variables ie inflation/wage increases etc

@maffseds 11 месяцев назад

As soon as rates start to dip, the market will boom again with the added impact of wage inflation that we havn't seen for 2 decades. People holding out for '-30% by 2025' are really missing out.

@mneri 11 месяцев назад

I don't really understand what's wrong with the title of the article from the Guardian. How is it misinformation? Prices have in fact increased 0.5% the past month, which is what the title says. In the article: "The average new asking price rose by 0.5% in the month to 7 October to £368,231, but it was the smallest post-summer bump since the 2008 crisis, according to property website Rightmove. House prices dropped by 0.8% in the 12 months to early October as the lower activity fed through, Rightmove said, while the number of agreed house sales fell by 17% compared with a year earlier."

@andrewtaylor6737 11 месяцев назад

I blame Brexit! 🤣🤣

@shakeelali4471 11 месяцев назад

Do you think it is worth getting an EV car, on the salary sacrifice scheme, as a Director for a Limited Company?

@TheEnglishCad 11 месяцев назад

No. EVs are becoming uninsurable due to the fire risk.

@KickstonesBitcoin 11 месяцев назад

Houses are no longer the best Store of Value. Bitcoin is much better :-)

@ecoterrorist1402 11 месяцев назад

Supply ‘n’ Demand

@MacksCurley 11 месяцев назад

Supply : Affordability

@annieanonymous611 11 месяцев назад

Tell that to the sellers who have priced so high that they aren't selling - no demand for their properties!

@ecoterrorist1402 11 месяцев назад

@@annieanonymous611 the true price will be dedicated by supply 'n' demand, Mr honest been saying that there will be a crash after selling his home, not sure about London prices, But the rest of the UK, anyone can easily afford a home. i have yet to be proven wrong.

@TheSanddancer 11 месяцев назад

@@ecoterrorist1402 No. The true price will be decided by affordability, which has dropped by about 30% in the last 12 months. Wake up and smell the coffee.

@nicky_nike 11 месяцев назад

@@ecoterrorist1402 How's this for proof? Mortgage approvals at all time lows. Demand is very low as FTBs, the bedrock of this Ponzi scheme, cannot afford a mortgage at these new interest rates, which will continue to climb. To say anyone can afford a home is nonsense. You haven't been keeping yourself informed of all the hardship.

@ecoterrorist1402 11 месяцев назад

Supply ‘n’ Demand @HonestMoney

@MacksCurley 11 месяцев назад

Supply : Affordability

@ecoterrorist1402 11 месяцев назад

@@MacksCurley anyone can afford to buy a home, just do what the older gen done. go without the nice things, save up then purchase a first time buyer home.