Average house price and age of homebuyers - How does the UK compare?

[@thecollaborativenegotiator3420]

Mate you should have also included the average incomes alongside the average house prices in each country as that tells more of the story. US and Swiss citizens on average earn far more than UK citizens which changes the affordability dunamic.

[@aye3678]

The UK's average wage is crap compared to other developed European countries. Wages in the UK have basically barely changed despite everything else around us going up in prices.

[@przemyslawszymczak8180]

These houses in UK are like half size of normal house. So you basically buy half house. Average house size is between 62-80 m2 in UK , in continental Europe average house is between 120-165m2

[@jackiedelvalle]

Yeah, and they're getting smaller and more expensive (and lower build quality too).

[@mrmeldrew693]

I bought my first house at 26. I was fortunate to inherit £25,000, which I used as the deposit. That was just over a decade ago. If I was in my 20s now, that £25,000 would go nowhwere near as far and I'd be smashed by the interest rates. Kids have been played a rough hand.

[@jamiejack764]

34 still with mum and dad living in Essex

[@skh73]

Stay living with your mum and dad as long as you can. Home owners are being ripped off with high council tax year on year, its another mortgage on top of your usual mortgage.

[@jackiedelvalle]

Well done. If you have a decent salary and are sensible about saving and investing, you could end up minted. Not paying someone else's mortgage while trying to build wealth is key. No idea why all these kids leaving uni, earning peanuts and living with their mates while complaining they can't afford anything or save can't understand that. Maybe they all believed Friends was a real representation of young people's lives 😂😂😂

[@modernmuslimdating7776]

Stay at home as long as you can. You will be able to save loads and do good deeds by taking care of your parents. X

[@jackiedelvalle]

​@@modernmuslimdating7776Good point. Will have enough to do nice little things with your folks every once in a while to treat them. Make those memories. We don't have our folks forever, as I've just experienced 😢

[@modernmuslimdating7776]

@@jackiedelvalle yeh exactly chick x

[@CraigBolt]

It's highly impossible to raise a deposit for a property or mortgage here in the UK due to stagnant wages of the past decade or so. It would be interesting to see another comparison video of each country' average wages alongside inflation rates, including energy prices etc.,etc. I reckon it would be an eye-watering video to watch.

[@StanStanman-o3e]

Depends where you live I live in the NE and despite lower wages, houses are still relatively cheap in terms of salary to price ratio. In fact even a couple on min wage could easily afford a family home

[@billyjones9482]

If you actually look at the square footage in places like Switzerland relative to the UK you would find that our average living space has decreased in the last 5 years while our home prices have increased in price significantly…essentially getting less house for more money than we did 5 years ago…also the average salary in Switzerland is around £70k in British pounds so yes we definitely have something to complain about when it comes to house prices…even if they do on average get houses later in life…we pay more for a lesser quality, smaller home, on a lower wage…if you live outside London or don’t earn atleast 30k a year outside of it, you are pretty much doomed right now with the cost of living.

[@BaileyMxX]

Ofc Swiss mortgage rates need to be lower... If people are buying nearly 1million quids worth of property on average. Having a 5-6% rate you're looking at £50-60k a year in just interest payment on a million pound loan. Puts the market at risk of collapsing which in turn impacts the banks being leveraged. Only have to look at the stress Credit Suisse was under ( a top 30 bank that was supposedly too big to fail) last thing the financial fortress country of Switzerland needs is further banks going under.

[@chqshaitan1]

Interesting video, would have been good to get a comparison of average take home salaries, as this is a big factor

[@Chanesmyname]

I was 26 when I bought my first house and it was 3 and a half times my salary.

[@Bigjohn277]

Are you using both median and mean averages?

[@psp5229]

Staying with parents could be a solution in your 20s but then what about starting a family? I think a sensible spender / saver should be able to balance quality of life with affording a home in their late 20s , early 30s

[@jackiedelvalle]

Agree but that requires knowledge, discipline and planning, and most kids (Gen Zs) aren't in that headspace AT ALLLLL. Their millennial parents don't have much of a clue either, interestingly, so they're fairly stuffed.

[@jackiedelvalle]

2 decades ago I returned home and took a second job to save up fast. I think that's still an option if you get on ok with your folks. If you have to rent and you're not on a mega salary, you're stuffed. Mind you, tbf to kids today, many went and took on giant uni loans. Between that and renting super expensive rooms on crappy UK salaries, they'll be buying their first houses at 45!

[@hannah60000]

@@jackiedelvalle I don’t think most of so-called Gen Z’s parents are millennials. People just be talking sometimes! 😅

[@mitchyman528]

I’m 25 with 2 kids and a wife, put £13.5k towards a deposit for a 3 bedroom 1 bath house with a big garage style shed, back garden, front garden and a driveway for 90k in Aberdeenshire this year! Holy moly am I really thankful! Got my army pension, state and private to help me out when I retire! Me and my family can kind of relax knowing we will be mortage free before I retire! 🥰😀

[@lolatylar2882]

OMG , this will be interesting

[@rufdymond]

I’m 62 now but I was 36 when I bought my first home…..

[@samer1900]

UK interestingly cheaper than most of the developed countries… however,, the salary in the UK is significantly lower than other places

[@SaveWithJords]

Does put things in perspective. Is the UK easy? No. But when you also factor in average wage: Canada £30,000 Switzerland: £88,000 With far higher property prices.

[@nasseralrshidi4550]

I've learnt alot concerning crypto progress this time and will like to join in. I wish I can get a good mentorship ❤

[@domsbits3922]

Lowest age… but maybe highest in debt?

[@FreaksSpeaks]

Give it 15 years and the population start peak and no need for housing at this rate. Germany is almost peaked , we will follow....

[@billykotsos4642]

Adult children rates will skyrocket in the UK in the next 10 years...

[@MrSebastianBlake]

Hey Peter this was well put. It’s why I moved from London to Leeds back in 2019. Now on the property ladder(2022) 🪜 and fixed my interest rate to 2% for ten years. What your saying is the truth people need to make decision whether to pivot careers for the 💵💵or move out of town to cheaper areas.

[@FreaksSpeaks]

Pragmatic? If you are a claimant, no problem.