Property News UK December 2024 - House Prices Finally Starting To Crash?

[@ramutevizbaraite5321]

If you have nearly £1mm people entering UK every year you won't see any crash. We have heard about the crash coming for years now and nothing happened. People have to live somewhere especially when renting is becoming so unaffordable.

[@propertyaccelerator]

2008 we still had too many people but we did have a crash, if there was another banking crisis we could crash as they stopped lending. However that is less likely that before as lending is much stricter than before.

[@ramutevizbaraite5321]

@propertyaccelerator yeah but 2008 was caused by banks having tons of sub prime mortgages on their books and them going bust or stopping lending to one another. we are in very different situation right now. You might see small drops in prices but a crash is a bit of a stretch. Something very major has to happen for house prices to actually crash.

[@saltaireorangebicyclechopp8555]

Correct. I'm 60 and we've never had any "crash", a correction perhaps, but nothing has stopped the inexorable rise of house prices, assets, and in my lifetime nothing will change. I've 2 houses, great, but l've 3 kids, if l can leave a house each job done

[@mymanifesting]

If we were to take daily prop news literally we'd be commiting ourself to an asylum centre!

[@propertyaccelerator]

👍

[@mattanderson6672]

Fantastic discussion Excellent analysis Thank you Sir I always love listening to you

[@propertyaccelerator]

🙌

[@andymaidment111]

The ONS revised their average price down by £8k.

[@propertyaccelerator]

Thanks will take a look

[@NA55AR_K]

Freehold or private land is the way forward 👍

[@propertyaccelerator]

👍

[@robertsteadman4226]

Very informative A+

[@propertyaccelerator]

Glad you liked it

[@saltaireorangebicyclechopp8555]

I think what we have right now are (generally) rock solid house prices, supply & demand, and that is not going to change. But people are skint, so it's a problem if you need to sell, buy only a small % need to sell. I'm 60, house prices (assets) will rise, seen this play out several times and that's why l bought and rent out a another house, might buy a third....

[@propertyaccelerator]

👍

[@allykhan8594]

Fractional reserves will not allow total collapse of housing until total collapse of printed money itself. Banks going bust if properties lose a certain value.

[@propertyaccelerator]

I think banks are way better protected this time round, its pretty tough to get a mortgage there is not lots of bad deals like 2008.

[@stephen2203]

Like they did in '92 ?

[@naeedaafzal3055]

i have seen them drop 50k to more than 100k on properties

[@RoseDaly1]

Which areas?

[@naeedaafzal3055]

@RoseDaly1 berkshire

[@propertyaccelerator]

Remember thats asking prices, so they could sell even lower or get bid up. In about 3 months we will know more what happened to those properties.

[@junaidx]

​@naeedaafzal3055 yh definitely noticed that, made an offer in summer and got accepted now after the price dropped twice lol. Thinking if it could have gone even lower (Berkshire)

[@don.bestmann]

I agree with you.

[@propertyaccelerator]

Thanks Don

[@TopTenThought5]

Because Santander I only gives you 1.25% no wonder they aren’t gonna lower it

[@propertyaccelerator]

I mean those on tracker mortgages.

[@fisher1907]

Is it a good idea to sell my family home & flip houses in this market ?

[@propertyaccelerator]

Well prices are high depends if you can find a buyer and something else you want to buy.

[@fisher1907]

@@propertyaccelerator I reckon I can sell my house it’s on the market it been getting a lot of interest considering we’re so close to Christmas. Just hope I can get my sold for a good price. The. Ideally I need the market to crash once mine is gone 🤣

[@steamerpoint]

Traditionally the market slows in the run up to Christmas and in a flat market, sellers desperate to sell will drop their prices. This isn't a crash and when the completion data of these sales comes out in March, April & May, it could appear that the market is crashing, but this is just an illusion. Traditionally the market picks up during the first two weeks of January and months later, it can suggest the market is overheating! Don't rely on Land Registry data as there is always a lag. Only experienced Estate Agents know what is really going on in real time. People not in the industry, trying to predict the market makes me laugh as there are simply too many variables and things that happen too quickly. Who could have predicted the sub prime mortgage discovery in the USA, would cause a run on the banks, which suddenly crashed the UK housing market? No one saw that coming, not even the estate agents.

[@propertyaccelerator]

True I think the market will be busy until mid Feb with people trying to get stamp duty discounts.

[@stuartgunn8745]

I think even if the Labour party were to build a few million properties the are in a fantasy world, With matterials and labour costs the price required for the developments to turn a profit will only push prices up. They cant understand if they helped landlords renovate and incentivise them to get all the EPC to a C or better, they are already there, not need as much planning or resouces and not cost them or the public silly amounts of money if anything. They couldnt sort this mess out as they are too fixated on NEW housing and making back handers with the big development companies. Help the army of small investors and landlords Now !

[@propertyaccelerator]

Very true

[@realest-12]

Not much moving here

[@propertyaccelerator]

👍

[@RDMfitness]

I’m sure this guy changes his mind by the hour

[@propertyaccelerator]

Mate watch the videos, I dont change my mind different sources are seeing different data. For example Rightmove are seeing asking prices down, (Which means prices will likely drop on sold in a few months)However Nationwide Building Society are seeing prices up. Two things can be true.

[@stephen2203]

When unemployment starts going up house prices will soften or fall.

[@propertyaccelerator]

Correct

[@caymanblack9567]

WTF house prices are up, wake up and have a look everything is expensive.

[@propertyaccelerator]

For everyone saying prices are up there is another saying they are down. Depends on region.

[@mrsrw999]

I can’t decide whether to drop my house for a faster sale or hold on for a couple of months longer. Do you think the market for semi detached in nice areas may pick up this month or January or later? Should I cut price and is there any point doing that at such a busy time before Christmas? I messaged you on Instagram too with a link to my house. Why can’t these things be easy 🙏🤣

[@nikkion2140]

Where are u going to live then? Which area is your home you want to sell?

[@NA55AR_K]

Hold in there mrsrw999

[@propertyaccelerator]

I think no point changing prices at all prior to Christmas as so few people shopping. Speak with your Estate Agent as a lot of people reprice boxing day. For some reason its one of the busiest days for searches on Rightmove. You will need to get agent to get that ready ahead of time.

[@JayJay-un3rp]

I think I’m going to unsubscribe, because he says one thing today and tomorrow the complete opposite. There is no consistency.

[@PAPBoxing]

This is the reality of the market it changes everyday

[@propertyaccelerator]

No problem Jay no point watching if it frustrates you. Sadly thats the market I just share the facts so you can get a balanced opinion yourself. If one source has prices up and another down its not be flip flopping its what is happening.

[@paulcoates3860]

There up tomorrow 0.001% 😂 But....in real terms their down 😂

[@propertyaccelerator]

😘

[@nachaterdhaliwal4345]

They been dropping for last 2 years.

[@propertyaccelerator]

Last year prices dropped correct, this year they are up.

[@budisantosa6667]

Wuckyyyyy.

[@propertyaccelerator]

👍

[@donjnrtrumpet684]

HSBC and Barclays have dropped rates. Are some going to follow and lower rates? Swap rates appear stable and potentially fall pending Trump taking over.

[@propertyaccelerator]

Yeah some are doing small drops just to get business. The market has a last busy period until March while Stamp Duty is lower. It makes sense to get as much business as you can during that time if you are a lender.

[@2024-s2n]

First

[@propertyaccelerator]

🏅

[@nabazhamad5988]

❤

[@propertyaccelerator]

♥

[@JamesHalliday-u7e]

All over the place 😂

[@propertyaccelerator]

Thats the market James, when you watch listen to the data sources. I dont wake up and say you know what lets say houses are down today and tomorrow they are up! There are differences sometimes its asking prices sometimes sold, lower asking prices means lower sold coming in a few months.

[@paulmccarthy5438]

the additional sdlt will put 2500 on a 500k purchase. Do you really think that will stop the market? Unconvinced. Labour are still saying 1.5m houses. Your political biases is devaluing your videos.

[@propertyaccelerator]

Look at the difference for first time buyers thats huge.

[@paulmccarthy5438]

@@propertyaccelerator only for first time buyers over 400k. Reckon that's a pretty small segment of the market outside of London.

[@imantsminix3431]

Second

[@propertyaccelerator]

🙌

[@TopTenThought5]

Probs not crash lol

[@propertyaccelerator]

👍

[@jossratcliffe8908]

I think house prices and going go down be 40 percent. From to 5 year time .

[@propertyaccelerator]

Its possible but unlikely the 2008 crash which was one of the worst was 20%.

[@thespecialkid1384]

i am not a real estate investor, as i am only 17, i mostly invest in the stock market, for my mothers retirement, and help her with the finances, my mother wanted to buy a house, but i told her there was a bubble, and they were starting to fall, and that hopefully they will crash, so we can get it much cheaper.

[@propertyaccelerator]

👍

[@tundeuk]

Is it up, is it down 😂😂 You flip flop daily. Still entertaining click bait though. Make Haye while you can mate 🤑💰💸

[@propertyaccelerator]

Thats the market this year sadly its not be flip flopping its what the data says.

[@granthanks3557]

Sorry will unsubscribe . You should do 2 videos a week instead of of keep contradicting yourself everyday for views

[@propertyaccelerator]

No problem Grant thanks for giving the channel a try. I dont contradict myself, if you watch any video I talk about the data source. So last week yes Rightmove said asking prices are down (That indicates house prices could drop when sold in next few months.) Nationwide however said sold prices are up which is deals that completed two very different things. These are not my opinions just facts of what is happening in the market. I hope you find a channel you like.

[@glastonbury4304]

House prices have shot through the roof in Manchester...what are you on about...

[@propertyaccelerator]

Of course there will be difference in some regions.