The average UK house price has flown up to 266,000
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Which means that despite everything that’s happened with interest rates, UK house prices are very close to their all time high!
Or are they?
Yes, this is what you see all over the news, but there is a little bit more to this than meets the eye.
And when the team and I dug into the data a bit we realised that the complete opposite has happened.
Is the UK property bubble finally bursting? Discover the real story behind soaring UK house prices, interest rates, and the hidden trends in the UK property market. We break down the data to reveal whether the UK’s housing market is on the brink of a major shift.
So in this video, we are going to break down what’s been happening in the UK property market.
30 Comments
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Nice video…I agree with the idea of silent crash…we had massive inflation the past few years but house prices stagnated whereas you would expect them to go as general prices rises….so if rates fall to 2-3% then for sure house prices will start increasing again since we now have higher wages..
Value of a property is actually zero if you can't actually sell it. It's pretty hard to sell a property right now!
Whatever inflation calcs are you using? That's the problem I can see here. £405 – £514, over 21 years is nowhere near beating real inflation, not even over the past 3/4 years largely due to all the c#vid QE. You'd need about double today of around £900 to equate to £450 in '03
Houses are still selling I got in a bidding war with 3 other buyers and they all outbid me, the price went over the askin price, there are so many cash buyers out there and that must mean something, ,where I live the houses go on the market and are sold by dinner time, so when I see doom warnings I see a different thing I’m glad because anybodys portfolios are booming and that’s a good thing surely
Thanks for the video. Where’s the link to the breakdown of each region?
Are these government fake inflation stats?
what is the point in real house prices fall if real wages do not grow?
Property prices will BOOM as soon as interest rates go to 3 or 4%. The rich are buying up assets. This is what will increase prices and also built up demand from the last 2 years.
utter shit
How about 18 years cycles? It should happen 2026. In this case, will it not happen then?
Inflation adjusted Fairly meaningless, if your wages have stagnated then property prices are still sky high then it’s still a huge proportion of your salary.
You buy house you buy problems, crypto don't need maintenance, buble need to pop
Prices will slow, stop or drop in many areas of London. But up north prices will rise to equalise as up north its safer, cheaper and friendlier. Plus from the Midlands we can access the countryside and mountains very quickly.
Inflation-adjusted house prices remaining relatively constant are irrelevant unless your inflation-adjusted earnings are also relatively constant or higher.
Innequality has gone up since 2004. How much of those wages that have beaten inflation, have gone to the average person? House prices are less affordable now than in 2004 for the average person.
Wages haven't kept up with inflation. The figures I see for a median full time worker in 2003 was £21,124 and for 2024 £35,880. Using BoE inflation calculator £21,124 is worth about £36,776 in 2024, almost £1000 more. The difference between my figures and the video's may be due to average vs median or maybe people work longer hours now?
Property prices need to come down, pay isn't going up as quick as property prices, I'm a homeowner, but the next generations can't get on the property ladder, mortgages should be based on 2.5 times the highest persons earnings, not 12 or so times, rent prices should be capped though no government would ever do that because they're renting out property, I'm grateful that I never had children, it's going to be extremely hard for the next generations
Don't bother owning a home in the UK. It's a total con.
You should only measure property prices in ounces of GOLD!
The plant behind your right shoulder has been poorly potted, would it be possible tht you can re-pot this plant ??? Lol 😅😅😂
We live in houses, and that's what confuses people between price and value.
Fact is houses are a terrible investment with a load of bother attatched.
You'd have been better buying gold, and let's not mention Bitcoin, or landlords will be jumping out of windows.
7:00 I think you missed out the interest charged on the mortgage, how much would that have been?
This is cherry picking stats to fit the agenda. The numbers here don't stack up. House price to earnings are unsustainable. House prices to disposable income after tax and living costs will be even further off the scale. House price pumping videos don't make for a better life. Young people are now living with their parents into their 30's and 40's.
House inflation happens last….youve had food..energy..rtc…get ready for house prices 2028 is 2008, what happend after it. A year or 2
so will they cone down nominally?
This chart is government bull crap. I have friends that have just sold for 2020 prices. They are both professionals and probably have the best maintained house in the street but to sell they had to drop to what the same houses sold for 4 years ago and they are in the affordable £210,000 bracket. I bet houses that where sold for a million are now £650,000. Anyone who buys for more is a muggle and has been seen off by a snake oil salesman.
No. Because there is no bubble overall.
The true problem is that wages for 'ordinary' people have remained stagnant for thirty years and that has resulted in their being priced out of the market. For sellers, given the status of houses as an asset class, there is still a market as the wealthy look for somewhere for their ever increasing stack of Scrouge McDuck gold to go.
Houses prices have not particularly inflated – after all, to keep pace with inflation the price tag of a house has to, roughly speaking, double every ten years.
Perhaps changing UK to England in the title would be more honest.
Uk has decoupled from EU, and global supply chain has started to move from China. Get ready for problems. 100 yr chart might be more informative.